Bradford Company$$s accounting records on December $31,$ provide the following information $($prior to adjustment$)$:

Cash sales $ $93,100$

Net credit sales $253,600$

Total sales $($net$)$ $$346,700$

Accounts receivable $126,300$

Allowance for doubtful accounts $2,450($credit$)$

Required:

$1.$ Prepare the journal entries to record the estimate of Bradford$$s bad debt expense assuming:

A$.$ Bad debts are estimated to be $2\%$ of net credit sales.

B$.$ Bad debts are estimated to be $5\%$ of gross accounts receivable.