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) Your answer has been saved. See score details after the due date. 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 Bad Debt Expense 36000 Allowance for Doubtful Accounts 36000 List of Accounts Attempts: 1 of 1 used (b) Prepare the current assets section of the balance sheet for Crane Company. Assume that in addition to the receivables it has cash of $93,700, inventory of $135,500, and prepaid insurance of $9,400. (List Current Assets in order of liquidity.) CRANE COMPANY Balance Sheet (Partial) $ $ vol $ List of Accounts Save for Later Attempts: 0 of 1 used Submit