At December 31, Folgeys Coffee Company reports the following results for its calendar year.

Its year-end unadjusted trial balance includes the following items.

1. Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be 3% of credit sales.
2. Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be 1% of total sales.
3. Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be 6% of year-end accounts receivable.

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Cash sales..... $900,000 Credit sales..... $300,000