Allowance due 0505, 0.6 points Please review slides of chapter 7. At the end of the first year of operations, Gaur Manufacturing had gross accounts receivable of $300,000. Gaur's management estimates that 6% of the accounts will prove uncollectible. What journal entry should Gaur record to establish an allowance for uncollectible accounts? Two requirements: 1. Record the journal entry 2. What is the net accounts receivable on the balance sheet