Part 4: Sales and Account Receivable (12 points) During 2011, Crandell Productions, Inc., recorded credit sales of $800,000. Based on prior 1. experience, it estimates a 1 percent uncollectible account rate on credit sales. Prepare journal entries for each transaction: The appropriate uncollectible account expense adjustment was recorded for the year 2011. (6 points) a. On December 31, 2011, an account receivable for $2,500 from March was determined to be uncollectible and was written off. (6 points) b