ON 3 Spring Break Company uses the allowance method to account for losses from sales on credit. Sales on credit for the year were 5100,000, cash sales were and Spring Break estimates its uncollectible accounts as $3,000 at year end using the aging method. If there is already a $1,000 credit balance in the acca Allowance for Doubtful Accounts, how much should be recorded as an expense due to uncollectible accounts for the year? 50 $1,000 $2.000 $10,000 QUESTION 37 Daffodil after analyzing the customers' accounts receivable accounts, determines that $2,000 of the accounts are probably uncollectible. The balan Allowance for Doubtful Accounts is a $150 debit balance. What would be the debit entry for the necessary adjusting entry? O Bad debts expense, $2,000 Bad debts expense, $2,150 Bad debts expense, $1,850 No adjusting entry is necessary