Bradford Company's accounting records on December 31, 2016 provide the following information (prior to adjustment):

Cash Sales $ 93,100

Net Credit Sales 262,900

Total Sales (net) $356,000

Accounts Receivable 126,300

Allowance for doubtful accounts 2,150 (credit)

1. Prepare the journal entries to record the estimate of Bradford's bad debt expense for 2016 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. Explain why the entries are what they are.