Uncollectible account expense (Bad debt expense) is estimated to be 3% of net credit sales. The allowance for uncollectible accounts account has a credit balance of $2,000. The net credit sales for the year are $500,000. The balance of account receivable is $40,000. Using the percentage of net sales method of determining uncollectable, how much will be recorded as uncollectible accounts expense (Bad debt expense)? Journalize