Accounts Receivable of the Drummond Manufacturing Co. on December 31. 2002, had a balance of \($300,000.\) Allowance for Bad Debts had a \($4,200\) debit balance. Sales in 2002 were \($1,690,000\) less sales discounts of \($14.000.\) Give the adjusting entr)' for estimated Bad Debt Expense under each of the following independent assumptions.

1. Of 2002 net sales, 1.5% will probably never be collected.

2. Of outstanding accounts receivable, 3% are doubtful.

3. An aging schedule shows that \($11,000\) of the outstanding accounts receivable are doubtful.