1Assuming that the cash balance according to the company's records is P8,985 and the cash balance according to the bank statement is P16,185, Compute the adjusted balance. 2At the end of the year, the accounts receivable account had a balance of P4,360,000, the allowance account had a credit balance of P9,000 and the net sales for the period was P4,700,000. Bad debt expense is estimated to be 1/2 of 1% of net sales. Compute bad debt expense that should be recorded as adjusting entry