ader & Footer Cap Text (1) Calculate the amount of the Allowance for Doubtful Accounts that should appear on th December 31, current year, balance sheet. (2) Prepare the journal entry to record bad debts expense for the current year. Question 11 /4 On December 31, Toppenish, Inc.'s books showed accounts receivable of $185,600; sales revenue of $1,280,000 (80% were on credit); and Allowance for Doubtful Accounts of $1,600 (credit balance). Calculate and prepare joumal entries to record the estimate for bad debts, assuming (1) Ten percent of the accounts receivable balance is assumed to be uncollectible (2) Bad debts expense is estimated to be 2% of credit sales. hp