Make the necessary entry in general journal form under each of the following assumptions. Show calculations for the amount of each adjustment and the resulting net realize value. Current fiscal year ending December 31 the balance of Accounts Receivable for Yang’s Gift Shop was $30,000. Credit sales for the year were$355,200. 1. Allowance for Bad Debts has credit balance of $300. a. The percentage of slaes method is used and uncollectible accounts are estimated to be 2.0% of credit sales.