2. What are some common types of What are the essential features of the allowance method of accounting for bad debts? Borke Company has a credit balance of $3,000 in Allowance for Doubtful Accounts before adjustment. The total estimated uncollectables under the percentage-of-receivables basis is $5,800. Prepare the adjusting entry tor record bad debt expense. Indicate the maturity date of each of the following promissory notes: Date of Note Terms a March 13 b. May 4 C. June 20 d. July 1 Download Print One year after date of note 3 months after date 30 days after date 60 days after date EOpen with docReader A Alternative formats Activity Details