Debit Credit Cash Sales 185,000 Credit Sales 498,000 Accounts Receivable 158,000 Allowance for Doubtful Accounts 900 Required: Prepare the adjusting entry on the books of Garrett Corporation to estimate uncollectible accounts under each of the following independent assumptions Uncollectible accounts are estimated to be 4% of total Sales. Uncollectible accounts are estimated to be 6.55% of credit a. b. Sales c. An analysis suggest that 9% of outstanding accounts receivable on December 31, 2018 will be uncollectible