Spacer Corporations trial balance revealed the following balances in these selected accounts prior to any adjustments:

Accounts Receivable $1,250,000 Debit

Allowance for Doubtful Accounts 41,600 Credit

Credit Sales 4,560,000 Credit

Record the entry for estimated uncollectible accounts using each of the following methods:

1. Percentage of Credit Sales: 2% of credit sales is estimated
2. Percentage of A/R: 5% of gross accounts receivable is estimated