Question 4 (1 point) Saved Whitfield estimates the amount of uncollectible accounts it expects in the coming year. The adjusting journal entry related to this estimate will be recorded at what point of the year? At the beginning of the year. At the end of the year. At the beginning of each month. At the end of each month. Question 5 (1 point) Whitfield learned that one of its customers, Daniels Informatics, lost the patent rights to its most profitable and top-selling product. Whitfield is concerned that the loss of the patent will have a significant and negative impact on Daniels's financial health. Because of this new information, Whitfield is concerned they will not receive payment for the $12,500 account receivable that Daniels owes them. They decide to write-off this accounts receivable. Assuming Whitfield uses the Allowance method of accounting for uncollectible accounts, what is the journal entry they should make to write off the Daniels account receivable? Debit Accounts receivable for $12,500. Credit Bad debt expense for $12,500. Debit Allowance for uncollectible accounts for $12,500. Credit Accounts receivable for $12,500. Debit Bad debt expense for $12,500. Credit Allowance for uncollectible accounts for $12,500. Debit Bad debt expense for $12,500. Credit Accounts receivable for $12,500