Inland Paving, Inc., uses the allowance method to account for uncollectible accounts. On December 31, 2016, Allowance for Uncollectible Accounts has a $725 credit balance. Journalize the year-end adjusting entry for uncollectible accounts assuming the following independent scenarios:

1. Inland Paving, Inc., estimates uncollectible accounts as 2/5 of 1 percent of net credit sales. Net credit sales for the year equal $700,000.

2. Based on an aging of Accounts Receivable, Inland Paving, Inc., estimates that uncollectible accounts will equal $3,250?