At December $31,$ Folgeys Coffee Company reports the following results for its calendar year.

Cash sales

$$918,000$

credit sales

$318,000$

Its year$-$end unadjusted trial balance includes the following items.

Accounts receivable

Allowance for doubtful accounts

$$143,000$ debit

$6,800$ debit

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

$1$

$2$

$3$

Record Bad Debts Expense assuming uncollectibles are estimated to be $5\%$ of credit sales.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$December $31,,,],[,,,],[,,,],[,,,]]$