aining Time: 1 hour, 39 minutes, 04 seconds. uestion Completion Status: QUESTION 11 2020 Net credit sales Estimate of doubtful debts Gross Accounts receivable Allowance account credit balance $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) BIUS Paragraph v Arial v 10pt v A 24 X P QUESTION 12 Brown Company's bank statement for September 30 showed Click Save and Submit to save and submit. Click Save All Answers to save all answers esc 3 69