At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales Credit sales $909,000 309,000 Its year-end unadjusted trial balance includes the following items Accounts receivable Allowance for doubtful accounts $134,000 debit 5,900 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 4% of credit sales, (2) 2% of total sales and (3) 7% of year-end accounts receivable. Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 4% of credit sales. (2) 2% of total sales and (3) 7% of year-end accounts receivable. View transaction list Journal entry worksheet