record the journal entries using the allowance method

7 - Your Co. uses the allowance method. Complete the following: a) Your Co. had sales of $20000, an A/R balance of $3000, and a dr. balance of $150 in the allowance account. Record the adjusting entry if 1% of sales are uncollectible. b) Your Co. had sales of $15000, an A/R balance of $2250, and a cr. balance of $11.25 in the allowance account. Record the adjusting entry if 5% of A/R are uncollectible. c) Your Co. had sales of $30000, an A/R balance of $4800, and a dr. balance of $48 in the allowance account. Record the adjusting entry if 4% of A/R are uncollectible. d) Your Co. had sales of $26000, an A/R balance of $6240, and a cr. balance of $374.4 in the allowance account. Record the adjusting entry if 2% of sales are uncollectible