Problem -4 Marina Company uses the allowance method for estimating uncollectible accounts. Prepare journal entries to record the following transactions: January 5 Provided services to Molly trans. for $5,000, terms n/15. Received $2,000 from Molly trans. on account April 15 July The sales manager considered the remaining amount of 3,000 uncollectible 10 August 21 They wrote off the uncollectible balance of the Molly trans. account when they declared bankruptcy Unexpectedly received a check for $1,000 from Molly trans.. October 5