At December 31, Aprill Showers Company reports the following results for its calendar year Cash sales Credit sales $1,696,150 $3,135,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable $949,905 debit $ 28,140 debit Allowance for doubtful accounts Required: 1. Prepare the adjusting entry to record bad debts under each separate assumption. a. Bad debts are estimated to be 3% of credit sales. b. Bad debts are estimated to be 2% of total sales. (Hint: total sales = cash sales credit sales) c. An analysis estimates that 6% of year-end accounts receivable are uncollectible. Adjusting entries (all dated December 31). (Do not round intermediate calculations.) View transaction list Journal entry worksheet < 1 2 3 Bad debts are estimated to be 3% of credit sales. Note: Enter debits before credits. Transaction General Journal Credit a. View general journal Clear entry Record entry Debit