During its first year of operations, Spring Garden Plan, Inc. had sales of $463,000, all on account. Industry experience suggests that Spring's uncollectibles will amount to 1% of credit sales. At December 31, 2018, accounts receivable total $55,000. The company uses the allowance method to account for uncollectibles 1. Make Spring's journal entry for uncollectible-account expense using the percent of sales method 2. Show how Spring should report accounts receivable on its balance sheet at December 31, 2018 first, then credits. Exclude explanations from journal 1. Make Spring's journal entry for uncollectible-account expense using the percent-of-sales method. entries.) Journal Entry Accounts Debit Credi Dec 31 Date 2. Which party has a(n): (a) note receivable, (b) note payable, (c) interest revenue, (d) interest expense? a. Note receivable b. Note payable c. Interest revenue d. Interest expense Choose from any drop-down list and then click Check