Accounts payable

Allowance for doubtful accounts

Bad debts expense

Cost of goods sold

Credit card expense

Delivery expense

Factoring fee expense

Interest receivable

Interest revenue

Merchandise inventory

Notes payable

Notes receivable

Prepaid insurance

Purchases

Purchases discounts

Sales

Sales discounts

Sales returns and allowances

Sales revenue

Transportation in

Its year-end unadjusted trial balance includes the following items. Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 5% of credit sales, (2) 3% of total sales and (3) 8% of year-end accounts receivable. Journal entry worksheet Record Bad Debts Expense assuming uncollectibles are estimated to be 5% of credit sales. Note: Enter debits before credits. Journal entry worksheet Record Bad Debts Expense assuming uncollectibles are estimated to be 3% of total sales. Note: Enter debits before credits. Journal entry worksheet Record Bad Debts Expense assuming uncollectibles are estimated to be 8% of year-end accounts receivable. Note: Enter debits before credits