Brown Corp. ended the year with balances in Accounts Receivable of $60,000 and in Allowance for Doubtful Accounts of $800 (credit balance before adjustment). Net sales for the year amounted to $200,000. Prepare the necessary journal entry on its books at the end of the year assuming the following:

A. Estimated percentage of net sales uncollectible is 1%.

B. Estimated percentage of year-end accounts receivable uncollectible is 4%.