At the end of the current year, Accounts Receivable has a balance of $325,000; allowance for doubtful accounts has a credit balance of $3,900; and net sales for the year total 4,500,000.

A. Prepare the adjusting journal entry at Dec 31 to record the estimated bad debt expense assuming that bad debts are estimated at 2% of credit sales.

B. Prepare the necessary adjusting journal entry at Dec 31 to record the estimated bad deby expense that bad debts are estimated at 5% of outstanding accounts receivable

C. Prepare the necessary adjusting journal entry at Dec 31 to record the estimated bad debt expense using the aging method and the aging schedule estimates bad debt expense to be 25,000