At December 31, Folgeys Coffee Company reports the following results for its calendar year. Its year-end unadjusted trial balance includes the following items. 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 recelvable. 1 Record Bad Debts Expense assuming uncollectibles are estimated to be 5% of credit sales. 2 Record Bad Debts Expense assuming uncollectibles are estimated to be 3% of total sales. 3 Record Bad Debts Expense assuming uncollectibles are estimated to be 8% of year-end accounts receivable. Credit Note : = journal entry has been entered