Daisy Duke Company (retailer) applies the allowance method in accounting for uncollectible accounts. Prepare journal entries to record its following selected transactions. July 1 Daisy estimates 5,000 dollars of its accounts receivable are uncollectible. August 1 Daisy determines that it cannot collect 300 dollars of its accounts receivable from Flowers Unlimited. September 1 Flowers Unlimited unexpectedly pays its account in full to Daisy which then records its recovery of this bad debt