3 MC Qu. 15-66 On December 31, 2019. prior to... On December 31, 2019. prior to adjustments, Accounts Receivable has a debit balance of $270.000 and the Allowance for Doubtful Accounts has a credit balance of $800. The firm estimates its losses from uncollectible accounts to be 3% of accounts receivable at the end of the year. The amount to be reported as Uncollectible Accounts Expense on the income statement for the year ending December 31 2019, MC Qu. 15-50 On December 31, prior to adjustments, the... On December 31, prior to adjustments, the balance of Accounts Receivable is $56,000 and Allowance for Doubtful Accounts has a debit balance of $1.200. The firm estimates its losses from uncollectible accounts to be 4% of accounts receivable at the end of the year. The adjusting entry needed to record the estimated losses from uncollectible accounts is