HW Problem 7.1 - Rumpelstiltskin Company had 201X credit sales of $1,250,000 and cash sales of $500,000. At year end, Rumpelstiltskin Co's accounts receivable balance was $300,000 and the allowance for doubtful accounts had a $5,000 debit balance. a. What journal entry is required under each of the following assumptions? i. Rumpelstiltskin estimates 2.5% of credit sales are uncollectible ii. Rumpelstiltskin estimates 1.5% of total sales are uncollectible iii. Rumpelstiltskin estimates 6% of accounts receivable are uncollectible b. Show the balance sheet presentation for parts i and