7 2020 Net credit sales Estimate of doubtful debts Allowance account credit balance Gross Accounts receivable $200,000. 2% of net credit sales $2,500 before the estimate was made $60,000. Required: Prepare the adjusting entry to record bad debts expense for 2020 using the percentage of sales method. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) P BIUS Paragraph xx> < QUESTION 8 Hazards company had the following data: Arial - + 10pt IT " Ev BB BB