QUS5T1ON2 (20 POINIS) The balance of accounts receivable is $275,000. The allowance for uncollectible accounts has a credit balance of $2,000. Net credit sales for the year were $751,000 and cash sales were $88,000. Information for estimating uncollectible accounts expense is presented below. For each independent situation, prepare the adjusting entry to record the estimate and determine the resultant balance in the allowance for uncollectible accounts. a. The company uses the aging-of-accounts-recelvable method. A partial aging of accounts receivable balance is presented below: Date Accounts Debit Credit Balance in the allowance for uncollectible accounts is $ b. The company uses the percent-of-sales method. Historical data indicates that approximately 3% of net credit sales are uncollectible. b. The company uses the percent-ofisales method. Hlstorical data indicates that approximately 3% of net credit sales are uncollectible