prepare journa entries assuming that the estimate of uncollectible is determined by taking

Credit Debit $128,000 Accounts receivable Allowance for doubtful accounts Sales Sales returns and allowances $670 342,000 8 ,200 Prepare journal entries assuming that the estimate of uncollectible is determined by taking (1) 6% of gross accounts receivable (Credit account titles are automatically indented when Account Titles and Explanation Debit Bad Debt Expense Allowance for Doubtful Accounts Sentered Do not Indent manually (211% of gross accounts receivable assuming a $670 debit allowance 200 Account Titles and Explanation Bad Debt Expense Allowance for Dout Accounts