Question $9(1$ point$)$

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MJF Company has net credit sales of $$2,500,000,$ and estimates bad debts at $0\mathrm{.}5\%$ of net credit sales. Which of the following journal entries would be used to record estimated uncollectible accounts receivable?

Debit Uncollectible Accounts Expense for $$12,500$ and credit Allowance for Doubtful Accounts for $$12,500$

Debit Uncollectible Accounts Expense for $$12,500$ and credit Accounts Receivable for $$12,500$

Debit Uncollectible Accounts Expense for $$125,000$ and credit Allowance for Doubtful Accounts for $$125,000$

Debit Uncollectible Accounts Expense for $$125,000$ and credit Accounts Receivable for $$125,000$