Bad Debt Expense - 10 minutes - 4 marks On December 31", 2020, Winterfell Inc. had the following balances before adjustments: Credit Debit 472,000 Accounts Receivable Allowance for Doubtful Accounts Credit Sales 2,565 1,884,000 Required 1. Assume that uncollectible accounts are estimated to be 4% of accounts receivables. Prepare the necessary adjusting entry with December 31, 2020 as the entry date. Journal entry narrative is not required. 2. Assume that uncollectible accounts are estimated to be 1.5% of credit sales. Prepare the necessary adjusting entry with December 31, 2020 as the entry date