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At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales Credit sales $902,000 302,000 Its year-end unadjusted trial balance

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At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales Credit sales $902,000 302,000 Its year-end unadjusted trial balance includes the following items. -05 Accounts receivable Allowance for doubtful accounts $127,000 debit 5,200 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (a) 5% of credit sales. (b) 3% of total sales and (c)8% of year-end accounts receivable. View transaction list Journal entry worksheet

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