Using percentage of its total accounts the $50,000 is the amount to be uncollectible. The amount of $50,000 will be reported as an allowance for uncollectible accounts for the Year 2 on December 31 in the balance sheet.
According to the question,
Under the approach of the balance sheet, the ending balance of the allowance for the uncollectible accounts is the percentage (%) of the ending balance of the accounts receivable.
The amount of uncollectible accounts should reflect the aggregate needed ending balance of the allowance which amounts to $50,000.
Hence, using percentage of its total accounts the $50,000 is the amount to be uncollectible.
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