At December 31, a company reports the following results for its calendar year. Credit sales Cash sales Also, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $ 3,406,000 $ 1,679,410 View transaction list Required: a. Prepare the adjusting entry to record Bad Debts Expense assuming uncollectibles are estimated to be 4% of credit sales. b. Prepare the adjusting entry to record Bad Debts Expense assuming uncollectibles are estimated to be 3% of total sales. c. Prepare the adjusting entry to record Bad Debts Expense assuming uncollectibles are estimated to be 7% of year-end accounts receivable.

At December 31, a company reports the following results for its calendar year. Also, its unadjusted trial balance includes the following items. Required: a. Prepare the adjusting entry to record Bad Debts Expense assuming uncollectibles are estimated to be 4% of credit sales. b. Prepare the adjusting entry tojrecord Bad Debts Expense assuming uncollectibles are estimated to be 3% of total sales. c. Prepare the adjusting entry to record Bad Debts Expense assuming uncollectibles are estimated to be 7% of year-end accounts recelvable