Client has provided the following information: AR balance, 01/01/2019 AfDA balance, 01/01/2019 2019 credit sales 2019 account receivable collections 2019 actual bad debt $700,000 $ 30,000 $1,200,000 $1,000,000 $45,000 Prepare the required adjusting journal entry required if: a. Management adopts the percentage of net sales method. It estimates that 5% of credit sales will go uncollected. b. Management adopts the aging method. It desires to have a $60,000 end balance in the AfDa