At December 31, Folgeys Coffee Company reports the following results for its calendar year Cash sales Credit sales $ 900,000 300,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $125,000 debit 5,000 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 3% of credit sales, (2) 1% of total sales and (3) 6% of year-end accounts receivable. Record Bad Debts Expense assuming uncollectibles are estimated to be 3% of credit sales. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record Bad Debts Expense assuming uncollectibles are estimated to be 1% of total sales. Note: Enter debits before credits. Transaction General Journal Debit Credit 2 Record Bad Debts Expense assuming uncollectibles are estimated to be 6% of year-end accounts receivable. Note: Enter debits before credits. Transaction General Journal Debit Credit 3