ABE9-3 During its first year of operations, Henley Company had credit sales of $3,161,069; $604,638 remained uncollected at year-end. The credit manager estimates that $37,684 of these receivables will become uncollectible. Prepare the journal entry to record the estimated uncollectibles. Description/Account Debit Credit Prepare the current assets section of the balance sheet for Henley Company. Assume that in addition to the receivables it has cash of $92,267, merchandise inventory of $136,449 and prepaid expenses of $8,820. Current assets $ $ Less: Total current assets $