Do not use excel! I have to see the process of solving this question!

I. GS Company uses the allowance method in accounting for uncollectible accounts. Past experience indicates that 1% of net credit sales will eventually be uncollectible. Selected account balances at December 31, 2016, and December 31, 2017, appear below:- 12/31/16 12/31/17 + Net Credit Sales $400,000 $450,000 Accounts Receivable 75,000 100,000- Allowance for Doubtful Accounts 5,000 Instructions: Record the following events in 2017. Aug. 10 Determined that the account of SL Co. for $1,000 is uncollectible. Sept. 12 Determined that the account of TW Co. for $4,000 is uncollectible. Oct. 10 Received a check for $550 as payment on account from SL Co., whose account had previously been written off as uncollectible. She indicated the remainder of her account would be paid in November.. Nov. 15 Received a check for $450 from SL Co. as payment on her account