During its first year of operations, Sandhill Company had credit sales of $3,335,800; $63%,%00 remained uncollected at year-end. The credit manager estimates that $37,200 of these receivables will become uncollectible, (a) I v Your answer is correct. ' 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 37200 Allowance for Doubtful Accounts 37200 eTextbook and Media List of Accounts Attempts: 1 of 2 used (b) Prepare the current assets section of the balance sheet for Sandhill Company. Assume that in addition to the receivables it has cash of $95,700, inventory of $132,200, and prepaid insurance of $9,000. (List Current Assets in order of liquidity.) SANDHILL COMPANY Balance Sheet (Partial)