9 Exercise 7-8 Percent of receivables method LO P3 to 30 to 6061 to 90 Over 90 10% estimate g entry to record Bad Debts Expense using the estimate from part a Assume the unadjusted balance in the for Doubtful Accounts is a $12.000 c c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $1,000 debit. Req Band C l Accounts is a $12,000 credit. d bad debts expense using the estimate from part a. Assume the unadjusted balance in for Doubtful Accounts is a $1,000 debit. Dec 31