Question 18 1 pts Company Y had the following information in its trail balance before adjustments: sales (on credit) $520,000; accounts receivable $235,000; allowance for doubtful accounts (credit balance) $2,300. The company estimates that 2.5% of its receivables will be uncollectible. What amount of allowance for doubtful accounts will the company credit in its journal entry to record estimated bad debts? $3,575 $5,875 $8,175 The company will not credit the allowance since the amount of estimated bad debts does not exceed the existing balance