2020 Quiz 3 e following accounts are taken from ABC Company's trial balance on March 1, 20 s the allowance method to record its uncollectible accounts: Accounts Debit Credit 60,000 Accounts receivable Allowance for doubtful accounts Sales Sales discount Sales returns and allowances 1,000 $75,000 4,000 6.000 repare the journal entry required to: 1. Record bad debts if they are estimated at 5% of the accounts receivable. 2. Record bad debts if they are estimated at 10% of the sales. 3. Record the write-off for $1000