#2 (6 points) At December 3 of the current year company reported the following Total sales for the current year: 55.320.000 Accounts receivable balance at Dec 31 end of current year: $450.000 Allowance for Doubtful Account balance at Dec 31 - 600 credit 1. Prepare the necessary adjusting entries to record bad debts expense assuming this company's bad debts are estimated to equal: (a) 2.5% of credit sales. (b) 8% of accounts receivable. 2. Prepare the necessary entry to write off. Mohr's 800 A/R balance. 3. Prepare the necessary entries to record the recovery of J. Mohr's A/R balance when he pays the company at later date. Accounts Debit Credit Part la Part Ib Part 2 Part 3