At each calendar year-end, Cabool Supply Co. uses the percent of accounts receivable method to estimate bad debts. On December 31, 2015, it has outstanding accounts receivable of $60,000, and it estimates that 2% will be uncollectible. Prepare the adjusting entry to record bad debts expense for year 2015 under the assumption that the Allowance for Doubtful Accounts has (a) a $1,020 credit balance before the adjustment (b) a $300 debit balance before the adjustment (Omit the "$" sign in your response.) Adjusting entries (all dated December 31, 2015) Debit Credit {a) General Journal Click to select) (Click to select) v (b) (Click to select) (Click to select)