please answer question 2

ACCOUNTING 2101/6101-TESTING YOUR KNOWLEDGE CHAPTER Z 1) uvingston Co. estimat Page 1 (Be sure to present and label all calculations clearly) es uncollectible accounts based on 4% of netyredit sales during the company's fiscal year. Information available for the current year is provided below. Allowance for uncollectible accounts,1/ 108,000 Collection from customers whose accounts were Customer accounts written off as uncollectible Credit sales during the current year 12,000 117,000 28,000 previously written off during the current year 3,100,000-2300 Sales returns and allowances during the current year 3,072,073 REQUIRED Determine the balance in the Allowance for uncollectible Accounts at 2.2,310 December 31st of the current year.e2,880 2) The Montague Company lists the following accounts on its year-end trial balance: Debit Credit unts recelvable 230,000 Allowance for uncollectible accounts Sales Sales returns and allowances 1,400 860,000 34,000 (a) The allowance for uncollectible accounts is estimated, at year end, at 4% of outstanding receivable. 230 pos 12o0 REQUIRED: Determine the bad debt expense reported on the year-end income statement. (b) REQUIRED: Assume the Montague Company estimates its uncollectible accounts at 2% of net sales. Determine the bad debt expense reported on the year-end income statement vet saje. Stle-Sales retm allowance Doos