Allowance method; reconstructing journal entries from events. (From a problem by S.A.

Zeff. ) The balance sheets of Milton Corporation on December 3 1 . Year 1 and Year 2, showed gross accounts receivable of SI 5.200.000 and SI 7.600,000. respectively. The balances in the Allowance for Uncollectible Accounts account at the beginning and end of Year 2 were credits of S 1 .400.000 and S 1 .550.000. respectively. The income statement for Year 2 shows that the expense for estimated uncollectible accounts was S750.0OO. which was 1 percent of sales. The firm makes all sales on account. There were no recoveries during Year 2 of accounts written off in previous years. Give all the journal entries made during Year 2 that have an effect on Accounts Receivable and Allowance for Uncollectible Accounts.