11 31 32 23 14 35 36 37 40 A company had the following forms and amounts in its unadjusted trail balance as of December 31 of the current year Debit Credit 51.250,000 $1,750,000 Cash Sales Credit Sales Accounts Receivable Allowance for Doubtful Accounts $100,000 7:50 Answer the following questions 1. Assuming the bad debts are estimated to be 1% of credit sales. What is the amount of the estimated bad debt expenso? 2. Prepare the journal entry to record the bad debt expense calculated in question 1 Debit Credit 3. Assuming the bad debts are estimated to be 1% of total sales, what is the estimated amount of the bad debt expense? 4. Prepare the journal entry to record the bad debt expense calculated in question 3. - 11 12 32 33 34 10 40 13 35 14 15 16 17 18 19 21 37 22 24 25 3. Assuming the bad debts are estimated to be 1% of total as what is the mated amount of the bad get expense? 4. Prepare the journal entry to record the bad debt expense calculated in question 3 Debit Credit 5. Assuming the bad debts are estimated to be 2% of accounts receivable, estimate the amount of the bad debit exponse 6. Propare the journal entry to record the bad debt expense calculated in questions Debil Credit into anothrometi