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Question 7 of 12 - / 1 View Policies Current Attempt in Progress During its first year of operations, Buffalo Industries had credit sales of $2,900,000, of which $420,000 remained uncollected at year-end. The credit manager estimates that $16,000 of these receivables will become uncollectible. (a) Prepare the journal entry to record the estimated uncollectibles. (Assume an unadjusted balance of zero in Allowance for Doubtful Accounts.) (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit