HP Inc. uses the allowance method to estimate uncollectible accounts and has the following information for 2020, prior to any adjusting entries: Net Credit Sales: $110,000 Accounts Receivable: $13,000 Allowance for Uncollectible Accounts: $600 Assume the company uses the aging method and estimates uncollectible accounts to be $4,000. The adjusting entry to estimate uncollectible accounts at year-end debits Uncollectible Account Expense $4,000 and credits Accounts Receivable $4,000. True False