At December 31, 2018, the trial balance of Hossam Company contained the following amounts before adjustments Debits Credits Accounts Receivable 1 $200,000 Allowance for Doubtful Accounts 1,500 Sales $400,000 Instructions: 1. Prepare the adjusting entry at December 31, 2018, to record bad debt expense if the company estimates that 6% of accounts receivable will be uncollectible. 2. Prepare the adjusting entry at December 31, 2018, to record bad debt expense if the company estimates that 3% of sales will be uncollectible. 3. Show the balance sheet presentation of accounts receivable at December 31, 2018 under assumption (1) above. 4. On January, 2019, a $1000 account receivable is written off as uncollectible. Prepare the journal entry to record the write-off. 5. On March 30, 2019, a $750 of the account that was written off on January, was collected. Prepare the journal entries to record that recovery. 6. Repeat part (4) above assuming that the company uses the direct write-off method instead of the allowance method in accounting for uncollectible accounts receivable