Ashley is a customer of Smokey & Co. which uses the allowance method to account for uncollectible accounts. The company wrote off her account of $1,200 on August 15. On October 12, she sent in a payment of $560. What will Smokey & Co. record first to reinstate her account? Debit Allowance for Doubtful Accounts; credit Accounts Receivable/Ashley. Debit Bad Debt Expense; credit Accounts Receivable/Ashley. Debit Cash; credit Accounts Receivable/Ashley. Debit Accounts Receivable/Ashley; credit Allowance for Doubtful Accounts. Bestway, Inc. had credit sales for the period of $142,000. The balance in Allowance for Doubtful Accounts is a debit of $643. If Bestway estimates that 2% of credit sales will be uncollectible, what is the required journal entry to record estimated uncollectible accounts? Debit Bad Debt Expense, $2,197; credit Allowance for Uncollectible Accounts, $2,197. Debit Bad Debt Expense, $3,483; credit Allowance for Uncollectible Accounts, $3,483. Debit Bad Debt Expense, $2,840; credit Allowance for Uncollectible Accounts, $2,840. No entry is required