CC13-3 (book/static) Question Help Given the balance in the Allowance for Doubtful Accounts of $310 credit, prepare adjusting entries for Bad Debts based on the following assumptions: a. Bad debts to be 4% of net credit sales or $680. b. Based on aging of Accounts Receivable, bad debts should be $640. Record debits first, then credits. Exclude explanations from joumal entries.) a. Bad debts to be 4% of net credit sales or S680. Journal Entry Accounts PR Debit Credit