36. (4 points) Fleming Sign Company uses the allowance method in accounting for uncollectible accounts. Past experience indicates that 6% of accounts receivable will eventually be uncollectible. Selected account balances at December 31, 2017, and December 31, 2018, appear below: 12/31/17 12/31/18 Net Credit Sales $400,000 $500,000 Accounts Receivable 60,000 80,000 Allowance for Doubtful Accounts 5,200 Instructions (a) Record the following event in 2018: Sept. 12 Determined that the account of Tom Young for $3,700 is uncollectible. (b) Prepare the adjusting journal entry to record the bad debt provision for the year ended December 31, 2018 (Assume the unadjusted balance in Allowance for Doubtful Accounts is $1,500)