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Cullen Company had the following balances on 12/31 prior to any adjusting entries Accounts Receivable Allowance for Doubtful Accounts Net Credit Sales Revenue $ 80,000

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Cullen Company had the following balances on 12/31 prior to any adjusting entries Accounts Receivable Allowance for Doubtful Accounts Net Credit Sales Revenue $ 80,000 500 375,000 Cullen uses the percentage of revenue method for estimating uncollectible accounts, and believes 1% is the appropriate estimate. What amount will go into the adjusting entry for uncollectible accounts? (Round to the nearest whole dollar and do not use dollar signs, commas, etc.) Numeric Response

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