Uncollectible Accounts-Percentage of Sales and Percentage of Receivables At the end of the current year, the accounts receivable account of Glenn's Nursery Supplies has a debit balance of $390,000. Credit sales are $2,700,000. Record the end-of-period adjusting entry on December 31, in general journal form, for the estimated uncollectible accounts. Assume the following independent conditions existed prior to the adjustment 1. Aliowance for Doubtful Accounts has a credit balance of $1,730. a. The percentage of sales method is used and bad debt expense is estimated to be 1% of credit sales. If an amount box does not require an entry, leave it blank Page DOC POST NO. REF CREDIT DEBIT ACCOUNT TITLE DATE 1 20-Dec. 31 2. 3 b. The percentage of receivables method is used and an analysis of the accounts produces an estimate of $30,330 in uncollectible accounts. If an amount box does not require an entry, leave it blank. Page DOC. POST DEBIT CREDIT ACCOUNT TITLE REF DATE BB NO. 1 20-Dec. 31, 2. Aliowance for Doubtful Accounts has a debit balance of $1,950 of 1% of credit sales. If an amount box does not require an entry, leave it blank. a. The percentage of sales method is used and bad debt expense is estimated to be Page: DOC. POST ACCOUNT TITLE DEBIT CREDIT DATE RE. NO. 1 20-Dec. 31 3 3 b. The percentage of receivables method is used and an analysis of the accounts produces an estimate of $29,890 in uncollectible accounts. If an amount box does not require an entry, leave it blank. Page: DOC. POST NO. REF DEBIT CREDIT ACCOUNT TITLE DATE B8: 1 1 20-Dec. 31