3. At the end of the year, Emil Enterprises estimates the uncollectible accounts expense to be 0.8 percent of net sales of $7,575,000. The current credit balance of Allowance for Uncollectible Accounts is $12,900.

REQUIRED:

(a) Prepare the entry to record the uncollectible accounts expense.

(b) What is the balance of Allowance for Uncollectible Accounts after this adjustment?