A company had the following items and amounts in its unadjusted trial balance as of December 31 of the current year:

a. Prepare the adjusting journal entry to estimate bad debts expense analysis estimates that 8% of the outstanding accounts receivable (Hint: What should the total be and how do you get there?)

b. Show all the details, amounts, and totals for the Allowance for Doubtful Accounts and the Bad Debt Expense T accounts.

3. A company had the following items and amounts in its unadjusted trial balance as of December 31 of the current year: (8 Points) Debit Credit $188,000 275,000 Cash sales. $76,000 1,000 for doubtful accounts. Prepare the adjusting journal entry to estimate bad debts expense assuming an aging analysis estimates that 8% of the outstanding accounts receivable will be uncollectible. Hint: What should the total be and how do you get there?) a. Show all the details, amounts, and totals for the Allowance for Doubtful Accounts and the Bad Debt Expense 'T' accounts. b