Take me to the text D&D Company uses the allowance method for uncollectible receivables. During 2020, the company made total credit sales of $1,500,000, of which $297,000 was currently owed by customers at year end. According to the company's historical sales, 0.2% of total credit sales will be uncollected. D&D Company uses the income statement approach to estimate the amount of uncollectible receivables. The company's year end is December 31. Prepare the journal entry to account for the amount deemed uncollectible. Do not enter dollar signs or commas in the input boxes. Date Account Title and Explanation Dec 31 Bad Debt Expense Allowance for Doubtful Accounts To adjust for estimated bad debt Debit Credit