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At year-end, December 31, 2020, Corolla Sales showed unadjusted balances of $390,000 in Accounts Receivable: $13,000 debit in Allowance for Doubtful Accounts; and $1,827,000 in

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At year-end, December 31, 2020, Corolla Sales showed unadjusted balances of $390,000 in Accounts Receivable: $13,000 debit in Allowance for Doubtful Accounts; and $1,827,000 in Sales. Uncollectible accounts are estimated to be 2.5% of sales. Unadjusted balances at December 31, 2021, were Accounts Receivable, $482,000; Allowance for Doubtful Accounts, $5,000 credit; and Sales, $3,078,000. Corolla Sales changed the method of estimating uncollectible accounts to 4% of outstanding accounts receivable. At December 31, 2022, the general ledger showed unadjusted balances of $456,000 in Accounts Receivable: $1.000 debit in Allowance for Doubtful Accounts; and $3,368,000 in Sales. Corolla prepared an aging analysis on December 31, 2022 that estimated total uncollectible accounts to be $38,000. Required: Prepare the 2020, 2021, and 2022 year-end adjusting entries to estimate uncollectible accounts. View transaction list 1 Record the estimate for uncollectible accounts 2 Record the estimated uncollectible accounts Record the estimated uncollectible accounts. Crede Note: - Journal entry has been entered Clear entry View general journal Record entry

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