Question $11-$ Exam #$2($CH $4-6)-$ Connect

Credit Sales

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Accounts Payable

Accounts Receivable

$$88,000$

$12,900$

$5,400$

$200$ credit

$28,000$

The company uses the percentage$-$of$-$credit$-$sales method and estimates $7\%$ of sales are uncollectible. What is the ending balance of the allowance account after the year$-$end adjusting entry?

Multiple Choice

$$6,360$

$$6,160$

$$8,320$

$$5,960$