QUESTION 15 Using the aging-of-receivables method to estimate doubtful accounts, Shoe Fly, Inc., estimates that $3,300 of its Accounts Receivable will be uncollectible. Prior to recording adjusting entries, the Allowance for Doubtful Accounts has a credit balance of $750. Doubtful Accounts Expense to be reported on the income statement equals $750 $3,300 $2,550 $4,050 QUESTION 16 Using the aging-of-receivables method to estimate uncollectibles, Brewed Awakenings, Inc., estimates that $8,500 of its accounts receivable will be uncollectible. Prior to adjustment, the Allowance for Doubtful Accounts has a debit balance of $500. After all necessary adjusting entries are made, the credit balance in Allowance for Doubtful Accounts will be $2,500 $8,500 $9,000 $6,000