er 7 Homework 5:43 Seved 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. Accounts receivable Allovance for doubtful accounte $ 125,000 debit 5,000 debit 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. View transaction list Journal entry worksheet 3 Record Bad Debts Expense assuming uncollectibles are estimated to be 3% of credit sales. Note: Enter dobics before credits. Date December 31 General Journal Debit Credit +