Given: The estimated percentage of uncollectible accounts receivable for the year 2020 is 5%. The gross receivable is P844,000 and the allowance for bad debts is P238,000. 1. Record the adjusting entries for the provision of the estimated uncollectible accounts receivable on Dec. 31, 2020 if the 5% is applied to gross receivable. Dr. 1 Cr. 3 2 4 2. Record the adjusting entries for the provision of the estimated uncollectible accounts receivable on Dec. 31, 2020 if the 7% is applied to gross receivable. Dr. 5 Cr. 7 6 8 E INSTRUCTIONS: 1. Choose from the following accounts for the correct account of adjusting entries: 2. A. - Accumulated depreciation equipment B. Allowance for doubtful accounts C. Accounts receivable D. Bad debts expense E. Depreciation expense F. Equipment For the amounts of debit and credit, encode your answer in whole number without decimal places, no comma and peso sign (eg, if your answer is 5.000. encode it as 5000)