O 9 12 15 18 Thompson Industries determines its provision for uncollectible accounts by applying an estimated loss percentage of 1 percent to net credit sales. In 20X1, net credit sales were $5,800,000. Prior to the adjusting entry, Allowance for Doubtful Accounts contained a credit balance of $5,000. How much will be charged to Uncollectible Accounts Expense in 20X1? $53,000 $5,800 $5,300 $58,000