Allowance method: estimation and balance sheet disclosure. The following preadjusted information for the Maverick Company is available on December 31:

Accounts receivable	$107,000
Allowance for uncollectible accounts	5,400 (credit balance)
Credit sales	250,000

Prepare the journal entries necessary to record Maverick's uncollectible accounts expense under each of the following assumptions: (1) Uncollectible accounts are estimated to be 6% of Credit Sales. (2) Uncollectible accounts are estimated to be 15% of Accounts Receivable.

How would Maverick's Accounts Receivable appear on the December 31 balance sheet under assumption (1) of part (a)?

How would Maverick's Accounts Receivable appear on the December 31 balance sheet under assumption (2) of part (a)