Uncollectible Accounts-Percentage of Sales and Percentage of Recelvables At the completion of the current fiscal year ending December 31 , the balance of Accounts Recelvable for Yang's Gift 5hop was $28,825. Credit sales for the year were $354,800. Required: Make the necessary adjusting entr Ah general journal form under each of the following assumptions. Show calculations for the amount of each adjustment and the resulting net realizable value. 1. Allowance for Doubtful Accounts has a credit balance of $310. a. The percentage of sales method is used and bad debt expense is estimated to be 2% of credit sales. If an arnount box does not require an entry. leaye it blank. b. The percentage of recelvables method is used and an analysis of the accounts produces an estimate of $6,930 in uncollectible accounts. If an amount box does not require an entry, leave it blank. 2. Allowance for Doubtrul Accounts has a debit balance of $395. a. The percentage of sales method is used and bad debt expense is estimated to be 1.5% of credit sales. If an amount box does not require an entry. leave it blank: 2. Allowance for Doubtful Accounts has a debit balance of $395. a. The percentage of sales method is used and bad debt expense is estimated to be 1.5% of credit sales. If an amount box does not require an entry, leave it blank. b. The percentage of recelvables methed is used and an analysis of the accounts produces an estimate of $5,885 in uncollectible accounts. If an amount box does not require an entry, leave it blank. 2 more Check My Wock uses remaining b. The percentage of receivables methed is used and an analysis of the accounts produces an estimate of $5,885 in uncollectible accounts. If an amount box does not require an entry, leave it blank