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Roberts Company uses the percent-of-sales method to estimate uncollectibles, Net credit sales...

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Accounting

Roberts Company uses the percent-of-sales method to estimate uncollectibles, Net credit sales for the current year amount to $120,000, and management estimates 4% will be uncollectible. Roberts Company's balance of Allowance for Uncollectible Accounts after adjustments, was $3,400. The following year, Roberts Company wrote off $2,400 of old receivables as uncollectible. What is the balance in the Allowance account now?
The balance in the Allowance account is now
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