Use the following to answer questions 8 The following information pertains to RC, Inc. for the month of December: 11 - Credit sales $900,000 Accounts payable 38,500 Accounts receivable 55,400...

What number 10 I had put 2770 and 2070 it’s was wrong


Extracted text: Use the following to answer questions 8 The following information pertains to RC, Inc. for the month of December: 11 - Credit sales $900,000 Accounts payable 38,500 Accounts receivable 55,400 Allowance for Uncollectible accounts 400 credit Cash sales 300,000 RC uses the percent of receivables method and estimates it will not collect 5% of accounts receivable. 8. $ Determine the ending balance for the Allowance for Uncollectible Accounts 9. Determine the appropriate amount to record for Bad Debt expense _Assuming the Allowance for Uncollectible accounts had a $700 debit balance, determine the amount to record for Bad Debt expense 10. $ 11. $ After recording bad debt expense, the Net Accounts Receivable is: