The trial balance of Mountain Company at December 31, 2020 includes the following: Accounts Receivable Allowance for Doubtful Accounts Sales (all on credit) Sales Returns and Allowances Debits Credits 100,000 500 700,000 20,000 Instructions: Complete the following journal entries. Enter numbers without any format (e.g., 62500; 1800). 1. If Moutain uses the aging method and estimates that $6,000 of receivables will be uncollectible, prepare the adjusting entry. Date Account 12/31/20 Bad Debt Expense 1. Allowance for Doubtful Accounts Debit Credit 2. If Moutain estimates uncollectibles at 1% of net credit sales, prepare the appropriate adjusting entry. Date Account 12/31/20 Bad Debt Expense Debit Credit 2. Allowance for Doubtful Accounts