Debit Credit Accounts receivable $108,000 Allowance for doubtful accounts $760 Sales 539,000 Sales returns and allowances 6,100 Prepare journal entries assuming that the estimate of uncollectible is determined by taking (1) 4% of gross accounts receivable (Credit account titles are automatically indented when the amount is entered. Do not indent me Account Titles and Explanation Debit Credit (2) 3% of gross accounts receivable (assuming a $760 debit allowance account balance). (Credit account titles are automatically in when the amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Debit Credit Accounts receivable $108,000 Allowance for doubtful accounts $760 Sales 539,000 Sales returns and allowances 6,100 Prepare journal entries assuming that the estimate of uncollectible is determined by taking (1) 4% of gross accounts receivable (Credit account titles are automatically indented when the amount is entered. Do not indent me Account Titles and Explanation Debit Credit (2) 3% of gross accounts receivable (assuming a $760 debit allowance account balance). (Credit account titles are automatically in when the amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit