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The following information pertains to Lightning Inc., at the end of the year: Credit Sales...

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Accounting

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The following information pertains to Lightning Inc., at the end of the year: Credit Sales Accounts Payable Accounts Receivable Allowance for Uncollectible Accounts Cash Sales $72, eee 13,800 8,300 $ 300 credit 36,000 Lightning uses the percentage of credit-sales method and estimates 3% of sales are uncollectible. What is the ending balance of the allowance acc adjustment? Multiple Choice O $1,860 O $2,160. O $3,540 Accounts Receivable Allowance for Uncollectible Accounts Cash Sales 8,300 $ 300 credit 36,000 Lightning uses the percentage of credit sales method and estimates 3% of sales are uncollectible. What is the ending balance adjustment? Multiple Choice o $1,860 O $2,160 0 $3,540 $2,460

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