LOT-1, L07-6 BRIEF EXERCISE 7.6 Accounting for Uncollectible Accounts: A Balance Sheet Approach Pachel Corporation reports the following information pertaining to its accounts receivable. The company's credit department provided the following estimates regarding the percent of accounts expected to eventually be written off from each category listed. The company uses a balance sheet approach to estimate credit losses. a. Record the company's uncollectible accounts expense, assuming it has a $1,400 credit balance in its Allowance for Doubtful Accounts prior to making the necessary adjustment. b. Without regard to your answer to part a, record the company's uncollectible accounts expense, assuming it has a $1,600 debit balance in its Allowance for Doubtful Accounts prior to making the necessary adjustment. LOT-1, L07-6 BRIEF EXERCISE 7.6 Accounting for Uncollectible Accounts: A Balance Sheet Approach Pachel Corporation reports the following information pertaining to its accounts receivable. The company's credit department provided the following estimates regarding the percent of accounts expected to eventually be written off from each category listed. The company uses a balance sheet approach to estimate credit losses. a. Record the company's uncollectible accounts expense, assuming it has a $1,400 credit balance in its Allowance for Doubtful Accounts prior to making the necessary adjustment. b. Without regard to your answer to part a, record the company's uncollectible accounts expense, assuming it has a $1,600 debit balance in its Allowance for Doubtful Accounts prior to making the necessary adjustment