PROBLEM FIVE - ESTIMATING UNCOLLECT 10 points PROBLEM FIVE- ESTIMATING UNCOLLECTIBLE ACCOUNTS 2 journal entries A PERCENTAGE OF RECEIVABLES METHOD 30-Sep The following information is available: Sales Revenue (net credit sales) Accounts Receivable Allowance for Doubtful Accounts 10,000 4,000 100 (credit balance) GENERAL JOURNAL ACCOUNT TITLE DATE A PERCENTAGE OF RECEIVABLES METHOD Prepare the journal entry assuming that bad debts are expected to be 6% of accounts receivable. B PERCENTAGE OF RECEIVABLES METHOD Prepare the journal entry assuming that bad debts are expected to be 6% of accounts receivable. except that the allowance for doubtful accounts has a DEBIT balance of $10. 22 B PERCENTAGE OF RECEIVABLES METHOD 3 54 GENERAL JOURNAL 35 36