Using the percentage-of-sales method, the estimated total uncollectible accounts are $7,322. The Allowance for Uncollectible Accounts prior to adjustment has a debit balance of $2,635. The Accounts Receivable balance is $44,720. The amount of the adjusting entry for Uncollectible- Accounts Expense is OA. $7,322 B. $9,957. C. $2,635 O D. $4,687 A year-end review of Accounts Receivable and estimated uncollectible percentages revealed the following: Accounts Receivable Uncollectible Est. Percent Days Outstanding 1-30 days 31-60 days 61-90 days Over 90 days $60,000 $45,000 $25,000 $5,000 2% 5% 11% 52% Before the year - end adjustment, the credit balance in Allowance for Uncollectible Accounts was Under the aging-of-receivables method, the Uncollectible -Account Expense at year- end is: $1,200. OA. $10,000. B. $8,800. C. $7,600 O D. $1,200 At September 24, 2016, how much in total did customers owe Cortland? How much did Cortiand expect to collect and not to collect on September 24, 2016? What was the net realizable value of Cortland, Inc. 's receivables on September 24, 2016? Refer to the Cortland, In., balance sheet below B(Cick the icon to view the balance sheet.) Millions Data Table Customers owed Cortland, Inc. Cortand, Inc. expected not to collect Cortland, Inc. Cortand, Inc. expected to collect-net realizable value Balance Sheet (Excerpt, Adapted) Sep. 26, 2015 Sep. 24, 2016 (In Millions of $) Current assets: 16,086 13,766 $ Cash and cash equivalents 22,242 45,110 Short-term marketable securities 15,601 17,565 Accounts receivable, less allowance of $99 and $74, respectively 2,386 2,002 Inventories 13,233 13,621 Vendor non-trade receivables 15,632 8,280 Other current assets 100,088 87,739 Total current assets