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 (a) 3% of credit sales, (b) 1% of total sales and (c) 6% of year-end accounts receivable. View transaction list Journal entry worksheet 2 1 3 Record Bad Debts Expense assuming uncollectibles are estimated to be 3% of credit sales Dextra Computing sells merchandise for $6.000 cash on September 30 (cost of merchandise is $3,900). The sales tax law requires Dextra to collect 5% sales tax on every dollar of merchandise sold Record the entry for the $6,000 sale and its applicable sales tax Also record the entry that shows the payment of 5% tax on this sale to the state government on October 15 View transaction list 7.58 Journal entry workshebt