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 $2,800,000. 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. Allowance for Bad Debts has a credit balance of $1,760.

(a) The percentage of sales method is used and bad debt expense is estimated to be 1% of credit sales.

(b) The percentage of receivables method is used and an analysis of the accounts produces an estimate of $30,330 in uncollectible accounts.

2. Allowance for Bad Debts has a debit balance of $1,900.

(a) The percentage of sales method is used and bad debt expense is estimated to be ¾ of 1% of credit sales.

(b) The percentage of receivables method is used and an analysis of the accounts produces an estimate of $29,890 in uncollectible accounts.