At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales Credit sales $ 913,000 313,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $ 138,000 debit 6,300 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. View transaction list Journal entry worksheet 1 2 3 Record Bad Debts Expense assuming uncollectibles are estimated to be 4% of credit sales. > < Prev 6 of 10 Next > Check m View transaction list Journal entry worksheet 2 3 Record Bad Debts Expense assuming uncollectibles are estimated to be 4% of credit sales. Note: Enter debits before credits. Date General Journal Debit Credit December 31 Bad debts expense 12,520 12,520 View transaction list Journal entry worksheet 1 2 3 Record Bad Debts Expense assuming uncollectibles are estimated to be 2% of total sales. Note: Enter debits before credits. Date December 31 Bad debts expense General Journal Debit Credit 24,520 Allowance for doubtful accounts 24,520 - > View transaction list Journal entry worksheet > 1 2 3 Record Bad Debts Expense assuming uncollectibles are estimated to be 7% of year-end accounts receivable. Note: Enter debits before credits. Date December 31 Bad debts expense General Journal Debit Credit 15,960 Allowance for doubtful accounts 15,960