1 pts Question 12 A company has net credit sales of $900,000 for the year and it estimates that uncollectible accounts will be 2% of sales. If Allowance for Doubtful Accounts has a credit balance of $1,000 prior to adjustment, its balance after adjustment will be a credit of $18,000 $19.000 $17.980 $17.000 1 pts Question 13 Newland Retailers accepted $75,000 of Citibank Visa credit card charges for merchandise sold on July 1. Citibank charges 4% for its credit card use. The entry to record this transaction by Newland Retailers will include a credit to Sales of $75,000 and a debit(s) to Cash 572,000 and Service Charge Expense $3,000 Accounts Receivable $72.000 and Service Charpe Expense $3,000, Cash $72.000 and interest Expense $3.000. Accounts Receivable $75,000