Collectoros on oncccoun, . S47.5.00. Assuming that bad debt expense is estimated at 5% of credit sales, prepare the adjusting journal entry to record bad debt expense. the T-accounts. Allowance for uncollectible accounts Bad debt expense and post all November activity in T-accounts for Accounts receivable and Bad debt expense Begin by preparing the journal entries. (Record debits first, then credits. Exclude explanations from any journal entries.) Start by journalizing the entry to record sales of $500,000, all on credit. Requirement 3. What amount of bad debt expense would Daisy, Inc., report on its November income statement under each of the two methods? Which amount better matches expenses with revenue? Give your reason. Bad debt expense under the better matches expenses with revenue because the expense is recorded Which amount is more realistic? Give your reason. Net accounts receivable under the is more realistic because it shows the amount of the receivables that the company