Exercise 7-17 (Algo) Estimating bad debts LO P3 At December 31, Folgeys Coffee Company reports the following results for its calendar year Cash sales $907.000 Credit sales 307,000 Its year-end unadjusted trial balance includes the following items Accounts receivable $ 132.000 debit Allowance for doubtful accounts 5,700 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 6% of credit sales, (2/4501 total sales and (3) 9% of year-end accounts receivable. View transaction Journal entry worksheet 1 2 3 Record Bad Debts expense assuming uncollectibles are estimated to be 6 of credit sales Next here to sech