At December 31, Folgeys Coffee Company reports the following results for its calendar year. $900,000 Cash sales.. Credit sales.. Its year-end unadjusted trial balance includes the following items. Accounts receivable...... $125,000 debit $300,000 Allowance for doubtful accounts ...... $5,000 debit 1. Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be 3% of credit sales. 2. Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be 1% of total sales. 3. Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be 6% of year-end accounts receivable.

At December 31, Folgeys Coffee Company reports the following results for its calendar year. Its vear-end unadiusted trial balance includes the following items. 1. Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be 3% of credit sales. 2. Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be 1% of total sales. 3. Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be 6% of year-end accounts receivable