2. Show your calculations 3. Abbreviations can be used for accounts. Question 1 1 pts Trophy Company uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $350,000 and credit sales are $1,500,000. Management estimates that 6% of accounts receivable will be uncollectible. The Allowance for Doubtful Accounts has a credit balance of $8,500 before adjustment. Prepare the adjusting entry for bad debt expense. Edit Format Table: 12pt Paragraph V BIUARI O words