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What ending balance in allowance for uncollectible accounts

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Problem 1: Credit sales during the year were $300,000, the Allowance for Uncollectible Accounts had a beginning of year balance of $2,500 credit, accounts written off during the year were $2,200. It is estimated that 2.1% of all credit sales are eventually uncollectible. What is the ending balance in the Allowance for Uncollectible Accounts?

Option 1: $6,600
Option 2: $6,300
Option 3: $1,600
Option 4: $6,000

Reference no: EM132933215

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