On December 31, 20X1, certain account balances at Galaxy Company were as follows before year-end adjustments: Accounts Receivable Allowance for Uncollectible Accounts (credit) Sales Sales Returns and Allowances $ 1,857,000 3,561 18,471,000 75,700 A further examination of the records showed that the "Sales" included $1,904,400 of cash sales during the year. Of the sales returns and allowances, $69,600 came from credit sales. Assume that Galaxy Company makes its estimate of uncollectible accounts on December 31 as 3.2 percent of total accounts receivable. Required: Compute the estimated amount of uncollectible accounts and give the general journal entry to record the provision for uncollectible accounts. Complete this question by entering your answers in the tabs below. Uncollect Accounts General Journal Compute the estimated amount of uncollectible accounts. (Round your "Estimated uncollectible rate" to 3 decimal places, i.e. 1.2% should be entered as 0.012.) Accounts receivable Estimated uncollectible rate Estimated uncollectible accounts 0 Adjustment amount Uncollect Accounts General Journal Prepare the general journal entry to record the provision for uncollectible accounts. View transaction list View journal entry worksheet ...... No Date Debit Credit 1 Dec 31, 20X1 General Journal Uncollectible accounts expense Allowance for doubtful accounts