Balic Company uses the allowance method for recording uncollectible accounts. Sales for 2018 totaled $1200000. Accounts receivable at Dec 31,2018 totaled $95000 and the allowance for doubtful accounts had a credit balance of $1,500 prior to the Dec.31,2018 adjustment. Balic Company estimates that 7% of its accounts receivable will become uncollectible. Prepare the following journal entries: (a) Dec 31,2018 Record the necessary year-end adjustment to estimate uncollectible accounts. (b) March 3,2019 Balic Co. determined that $950 account of a customer ,John Doe, was uncollectible and wrote off the account. (c) May 15,2019 John Doe paid the amount previously written off.