A company has $4.000 in its allowance for doubtful accounts before making any adjusting entries of a company has a $500,000 accounts receivable balance at the end period and the company estimates that 1% of those accounts will be uncollectible, what is the balance of the allowance for doubtful accounts? a $4,000 b. 55.000 $1,000 d. None of the above When recording sales by credit cards that charge a fee: (check all that apply) a. Inventory will be increased b. A credit to sales will be in the journal entries. c. a debit to cost of goods sold will be included in the journal entries. d. The cash amount and sales amount in the journal entries will be the same dollar amount. When using the allowance methods for estimating bad debt, the company makes estimates on specific customer accounts that will not be collected True False The aging of receivables method uses the same percentage for all accounts receivables. True False