Check my work 5 At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales Credit sales $ 900,000 300,000 Its year-end unadjusted trial balance includes the following items Upped Book Accounts receivable Allowance for doubtful accounts $125,000 debit 5,008 debit Hint Print Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 3% of credit sales. (2) 1% of total sales and (3) 6% of year-end accounts receivable. eferences View transaction list Journal entry worksheet Record Bad Debts Expense assuming uncollectibles are estimated to be 3% of credit sales NA Hare Journal entry worksheet Record Bad Debts Expense assuming uncollectibles are estimated to be 1% of total sales. Note: Enter debits before credits. Transaction General Journal Debit Credit 2 Record entry Clear entry View general journal Journal entry worksheet Record Bad Debts Expense assuming uncollectibles are estimated to be 6% of year-end accounts receivable. Note: Enter debits before credits. Transaction General Journal Debit Credit 3 Record entry Clear entry View general journal