Patagonia Corp.'s unadjusted trial balance included the following: Dr. Cr. Accounts receivable $140,000 890 Allowance for doubtful accounts The company is using allowance method to account for uncollectible accounts receivable Instructions 1. Prepare adjusting journal entries assuming that the estimate of uncollectible is determined by using 4% of gross accounts receivable (2 marks) 2. Record the journal entries required if Patagonia wrote off 2% of gross accounts receivable (2 marks) 3. Calculate the net realizable value of accounts receivable at the end of the year assuming $500 of previously written off accounts receivable was recovered and collected fully in cash