4 points Save re Donald owner of Dallas Company, begin accounting for bad debts expense. Assume that Dallas Company has total revenues of $79.000 during 2019 and the Accounts Receivable balance on December 31 2013. $42.000 Required: 1.Prepare the adjusting entry to record bad debts expense, which are estimated to be 3% of total sales on December 31, 2019. There is a zero unadjusted balance in the Allowance for Dot Accounts at December 31 2. Prepare the adjusting entry to recond bad debits expense, which are estimated to be 5% of accounts receivable on December 31, 2019. There is a zero unadjusted balance in the Allowance for Accounta December 31 For the toubar, press ALTF10 (PC) or ALT+F10 (M BIS Arial 14px A