During its first year of operations, Signature Lamp, Inc. had sales of 5432,000, all on account. Industry experience suggests that Signature's uncollectibles will amount to 2% of credit sales. At December 31, 2021, accounts receivable total $57,000. The company uses the allowance method to account for uncollectibles 1. Make Signature's journal entry for uncollectible-account expense using the percent-of-sales method 2. Show how Signature should report accounts receivable on its balance sheet at December 31, 2021 CRD 1. Make Signature's journal entry for uncollectible-account expense using the peront-of-sales method. (Record dobits first, then credits. Exclude explorations from Journal entries.) Journal Entry Date Accounts Debit Credit Dec 31