On December 31, 2021 Toto Company's records showed the following results for the year: Cash Sales Credit Sales $ 165,000 $ 840,000 In addition, the unadjusted trial balance included the following items: Accounts Receivable $ 405,000 debit Allowance for Doubtful Accounts $1,200 debit Required: Record the year end adjusting entry for each of the following unrelated situations: a. 2% of credit sales are estimated to become bad debts. (3 marks) b. 4% of accounts receivable are estimated to be uncollectible. (3 marks) 11 ... Paragraph B I UA E X Alignment CREDIT DATE ACCOUNT TITLES GENERAL JOURNAL DEBIT