Current Attempt in Progress During its first year of operations, Waterway Industries had credit sales of $2,847,500, of which $390,000 remained uncollected at year-end. The credit manager estimates that $22,000 of these receivables will become uncollectible. (a) Your answer is correct. Prepare the journal entry to record the estimated uncollectibles. (Assume an unadjusted balance of zero in Allowance for Doubtful Accounts.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Bad Debt Expense Allowance for Doubtful Accounts eTextbook and Media List of Accounts Debit 22000 Credit 22000

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