PTS) Part 5: Accounts Receivable - Uncollectible Accounts Spacer Corporation uses the Allowance Method to account for its uncollectible accounts receivable. Spacer's trial balance revealed the following balances in these selected accounts prior to any adjustments: Accounts Receivable Allowance for Doubtful Accounts Sales $ 625,000 Debit 20,800 Credit 2,280,000 Credit Record the entry for estimated uncollectible accounts using each of the following methods: a) Percentage of Sales: 2% of credit sales is estimated. b) Analysis of A/R: 5% of gross accounts receivable is estimated. Account Debit Credit