Part I A retailer applies the allowance method in accounting for uncollectible accounts. Prepare journal entries to record its following selected transactions 12/31/20X1 The retailer estimates $3,000 of its accounts receivable are uncollectible. 2/14/20X2 The retailer determines that it cannot collect $400 of its accounts receivable 4/1/20X2 ZZZ Company unexpectedly pays its account in full to the retailer, which then from a customer named ZZZ Company. records its recovery of this bad debt