3 Santana Rey, owner of Business Solutions, realizes that she needs to begin accounting for bad debts expense. Assume that Business Solutions has total revenues of $51 000 during the first three months of 2016, and that the Accounts Receivable balance on March 31, 2016, is $22. 117 Required: 1. Prepare the adjusting entry needed for Business Solutions to recognize bad debts expense on March 31, 2016, given that bad debts are estimated to be 3% of accounts receivable (assume a zero unadjusted balance in the Allowance for Doubtful Accounts at March 31). (Round your answers to the nearest dollar amount Omit the "S" sign in your response.) Dato Mar 31, 2016 General Journal (Click to select) (Click to select) Debit Credit V 2. Assume that Business Solutions Accounts Receivable balance at June 30, 2016, is $20 850and that one account of $96has been written off against the Allowance for Doubtful Accounts since March 31, 2016. What adjusting journal entry must be made to recognize bad debts expense on June 30, 2016? (Round your intermediate calculation to the nearest dollar amount. Omit the "S" sign in your response.) Date June 30, 2016 General Journal (Click to select) (Click to select) Debit Credit 3. Should S Rey consider adopting the direct write-off method of accounting for bad debts expense rather than the allowance method? Yes No Type here to search E