6B-4. (Similar to problem 6B-3) On June 1 the MARINO Company had an $88,000 debit balance in accounts receivable and a $6,800 credit balance in the allowance for uncollectible accounts (also know as allowance for bad debt). During June the company had total sales of $268,000. Of this amount, $235,000 was on account. In addition, during June the company collected $60,000 on accounts receivable and wrote off as uncollectible a customer's account in the amount of $10,300. The company uses the allowance method by estimating 4% of credit sales as bad debt. Required 1. Beginning with the appropriate T-accounts show the entries necessary to record the sales revenue, the collection of receivables, the estimate of bad debt expense for the period and the write-off of the uncollectible account. Balance Sheet Accounts are: Income Statement Accounts are