6. (16 Points) A company had the following items and amounts in its unadjusted trial balance as of December 31 of the current year (show all calculations): Credi $188,000 Debit Cash sales. Credit sales. Accounts receivable Allowance for doubtful accounts $76,000 1,000 Prepare the adjusting entry to estimate bad debts assuming an aging analysis estimates that 8% of the outstanding accounts receivable will be uncollectible. a) b) Prepare the adjusting entry to estimate bad debts assuming bad debts are estimated to be 2.5% of credit sales