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Nedpool Products uses the allowance method in estimating uncollective accounts. On December 31, 2017, the balance in Accounts Receivable was $660,000. Uncollectible accounts are estimated

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Nedpool Products uses the allowance method in estimating uncollective accounts. On December 31, 2017, the balance in Accounts Receivable was $660,000. Uncollectible accounts are estimated to be 4% of accounts receivable. Please provide a response for a., b. and c. a. What is the estimated balance in the Allowance for Doubtful Accounts 2 b. If the balance in the Allowance for Doubtful accounts was a debit of $7,500. provide the adjusting journal entry for estimating uncollectible accounts based on above estimated balance c. If the balance in the Allowance for Doubtful accounts was a credit of $2,500, provide the adjusting journal entry for estimating uncollectible accounts based on above estimated balance. 5

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