During its first year of operations, Turning Leaves Furniture Restoration, Inc. had sales of $447,000, all on account, Industry experience suggests that Turning's uncollectibles will amount to 1% of credit sales. At December 31, 2021, accounts receivable total $58,000. The company uses the allowance method to account for uncollectibles. 1. Make Turning's journal entry for uncollectible-account expense using the percent-of-sales method. 2. Show how Turning should report accounts receivable on its balance sheet at December 31, 2021. 1. Make Turning's journal entry for uncollectible-account expense using the percent-of-sales method. (Record debits first, then credits. Exclude explanations from journal entries.) Date Dec 31 Journal Entry Accounts Debit Credit