Jiko L.LC uses the balance sheet approach in estimating uncollectible accounts expense. The company prepares an adjusting entry to recognize this xpense at the end of each month. During the month of July, the company wrote-off a $3,500 recelvable and made no recoverles of previous write-offs. collowing the adjusting entry for July, the credit balance in the Allowance for Doubtful Accounts was $3,000 larger than it was on July 1 . What amount of incollectible account expense was recorded for July? Multiple Choice $6,500 $1,000 $1,500 $2,500