MIUM FULL SCREEN NEET Es Brief Exercise 8-10 (Part Level Submission) During its first year of operations, Pronghorn Corp had credit sales of $2.714, 100, of which $429,000 remained collected at year-end. The credit manager estimates that 516,370 of these receivables will become uncollectible () Your anuner is correct. Prepare the journal entry to record the estimated uncollectibles (Assume an unadjusted balance ofroin Allowance for Doubtful Accounts) (Credit account titles are automatisinden when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit ad Debt Expense 16,370 Allowance for Doubtful Accounts 16,370 Click if you would like to Show Work for this question Open Show Work SHOW LIST OF ACCOUNTS SHOW ANSWER LINK TO TEXT LINK TO TERT INTERACTIVE TUTORIAL ENTERACTIVE TUTORIAL Attempts: 1 of 3 used (6) Prepare the current assets section of the balance sheet for Pronghorn Corp, assuming that in addition to the receivables it has cash of 585,220, merchandise inventory of 5161,960, and supplies at $13,290. (List current assets in order of liquidity) Pronghorn Corp Balance Sheet(partial) Current Assets Cash Accounts Receivable V Click If you would like to show Work for this question: Open Show Work