December 31, 2025. Journalize Zepher Ravine Company's adjustment to record bad debts expense assuming Zepher Ravine Company estimates bad debts as 10% of accounts receivable. 12. Journalize Zepher Ravine Company's adjustment to record bad debts expense assuming Zepher Ravine Company estimates bad debts as 5% of credit sales. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table.) Accounts and Explanation Date ... Dec. 31 Debit Credit

At January 1, 2025, Zepher Ravine Company had Accounts Receivable of $29,000. During the year, Zepher Ravine Company earned sales revenue of $170,000 on account and collected $137,000 on account. Zepher Ravine Company wrote off $1,900 receivables as uncollectible during 2025 . The company uses the allowance method to account for uncollectibles. 12. Journalize Zepher Ravine Company's adjustment to record bad debts expense assuming Zepher Ravine Company estimates bad debts as 5% of credit sales. 13. Assume Zepher Ravine Company had an unadjusted $1,700 credit balance in Allowance for Bad Debts at December 31, 2025. Journalize Zepher Ravine Company's adjustment to record bad debts expense assuming Zepher Ravine Company estimates bad debts as 10% of accounts receivable. 12. Journalize Zepher Ravine Company's adjustment to record bad debts expense assuming Zepher Ravine Company estimates bad debts as 5% of credit sales. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table.)