Our company uses the allowance method for acconting for uncollectible accounts. Our sales this year (all on account) were $ 500,000 Before adjustment, the balance in the allowance for uncollectible accounts was $ 6,500 credit (a) Make the adjusting entry at the end of the year if we estimate that the amount of accounts receivable we will never collect is $7,250. (b) Make the adjusting entry at the end of the year if we estimate that 1% of credit sales will never be collected (a and b are independent questions. A company would not make both entries.) (c.) Now do (a) over again, except that the allowance for uncollectible accounts balance was $6,500 DEBIT before adjustment. (a)