During its first year of operations, Teal Mountain Inc. had credit sales of exist3, 222, 300, of which exist366, 200 remained at year-end. The credit manager estimates that exist18, 060 of these receivables will become uncollectable. (a) Prepare the journal entry to record the estimated uncollectibles. (Assume an unadjusted balance of zero in Allowance for Doubtful Accounts.) (Credit account titles are automatically indented when amount is entered. Do not indent manually.)