ACG2021 Fall 2018 C7 1315 Save Homework: Chapter 7 Homework Score: 0 of 7 pts E7-36B (similar to) Hw Score: 096, 0 of 35 pts 1 of 5 (0 complete) Question Help Welness Center, Inc., uses the allowance method to account for uncollectible accounts. On December 31, 2016, Allowance for uncollectible ac eredit balance, Jounalize tho yor end adjusting entry Exclude explanations from any jounal entries.) for uncolectible aocounts assuming the following independent scenarios: (Record aocounts assuming the following independent scenarios: (Record debits first, then credits any bumal ontiueting the year equal $850,000. 1. Wellness Center, Inc., estimates uncollectible accounts as 1/4 of 1 percent of net credit sales. Not credit sales for Based on an aging of Accounts receivable, Welness Center, Inc., estimates that uncollectible accounts will equal $2,200. 1. Wellness Center estimates uncollectible acoounts as 1 / 4 of 1% of net credit sales. Net credit sales for the year equal $850,000. Journal Entry Debit Credit Date Accounts Dec 31 Choose ftrom any list or enter any number in the input fields and then click Check Answer Clear All Check Answer par remaining