Testbank Exercise 159 A trial balance before adjustment included the following: Accounts receivable Allowance for doubtful accounts Sales Sales returns and allowances Debit Credit $147,000 $1,360 609,000 6,700 Prepare journal entries assuming that the estimate of uncollectible is determined by taking (1) 8% of gross accounts receivable (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (2) 2% of gross accounts receivable (assuming a $1,360 debit allowance account balance). (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit