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During its first year of operations, Crane Company had credit sales of $3,531,400; $664,000 remained uncollected at year-end. The credit manager estimates that $36,000 of

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During its first year of operations, Crane Company had credit sales of $3,531,400; $664,000 remained uncollected at year-end. The credit manager estimates that $36,000 of these receivables will become uncollectible. (a) Prepare the journal entry to record the estimated uncollectibles. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit List of Accounts Save for Later Attempts: 0 of 1 used Submit

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