Bad Debt Expense: Percentage of Credit Sales Method Gilmore Electronics had the following data for a recent year: The firm's estumated rate for bad debts is 2.85% of credit sales. Required: 1. Prepare the joumal entry to write off the uncollectible accounts, If an amount box does not require an entry, leave is blank. 2. Prepare the joumal entry to record the estimate of bad debt expense. If an amount box does not require an entry, leave it blank. It required, round your answers to the nearest dollar. (hecoro sojusury enur, ron 3. If Gilmore had writien off $3,000 of recervables as uncollectible during the vear, how much would bad debt expense reported on the income statement have changed? Ente decrease, if any, as negatwe amount. If an amount is zero, enter " 0 ". 1