Donald, owner of Datas Company, begin accounting for bad debts expense Assume that Dallas Company has total revenues of $79,000 during 2019 and the Accounts Receivable balance on December 31 2019, is $42,000 Required: 1. Prepare the adjusting entry to record bad debts expense, which are estimated to be 3% of total sales on December 31, 2019 There is a zero unadjusted balance in the Allowance for Doubtful Accounts at December 31 2. Prepare the adjusting entry to record bad debts expense, which are estimated to be 5% of accounts receivable on December 31, 2019. There is a zero unadjusted balance in the Allowance for Doubtful Accounts at December 311 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) BIUS Paragraph Arial 14px 7 T x D Q WORDS POWERED BY TOY