Uncollectible Accounts-Percentage of Sales Alvin's Transport has total credit sales for the year of $170,000 and estimates that 3% of its credit sales will be uncollectible. Record the end-of-period adjusting entry on December 31, in general journal form, for the estimated bad debt expense. Assume the following independent conditions existed prior to the adjustment: 1. Allowance for Doubtful Accounts has a credit balance of $925. Page: DATE ACCOUNT TITLE DOC. POST. NO. REF. DEBIT CREDIT 20-- 1 Dec. 31 2 88 1 2. Allowance for Doubtful Accounts has a debit balance of $385. Page: DATE ACCOUNT TITLE DOC. POST. DEBIT CREDIT 20-- 1 Dec. 31 2 NO. REF. 33 1 2