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During its first year of operations, Crane Company had credit sales of $3,183,600;$638,400 remained uncollected at year-end. The credit manager estimates that $35,200 of these

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During its first year of operations, Crane Company had credit sales of $3,183,600;$638,400 remained uncollected at year-end. The credit manager estimates that $35,200 of these receivables will become uncollectible. (a) Your answer is partially correct. Prepare the journal entry to record the estimated uncollectibles. (Credit occount titles are automatically indented when amount is entered. Do not indent manually.)

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