CALCULATOR PRINTER VERSION CRACK Brief Exercise 3-03 a-b (Part Level Submission) During its first year of operations, Monty Corp. had credit sales of $3,535,200; $660,100 remained uncollected at year-end. The credit manager estimates that $43,500 of these recewables will become uncollectible. (a) Your answer is correct. Prepare the journal entry to record the estimated uncollectibles. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Bad Debt Expense 436001 Allowance for Doubtful Accounts 43600 Click if you would like to Show Work for this question: Open Show Work HOW ANSWER LINK TO TEXT LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Attempts: 1 of 5 used & PM A4 0 to search CALCULATOR PRINTER VERSION BACK NEXT Your answer is partially correct. Try again. Prepare the current assets section of the balance sheet for Monty CorpAssume that in addition to the receivables it has cash of $92,000, inventory of $135,300, and prepaid insurance of $8,800. (List Current Assets in order of liquidity.) Monty Corp. Balance Sheet (Partial) Current Assets TCash Accounts Receivable I Less Allowance for Doubtful Accounts Inventory Prepaid Insurance Total Current Assets Click if you would like to Show Work for this question: Open Show Work e here to search A040 220