Exercises 1. At the end of the fiscal period, December 31, Chez Anne Marie has a balance of $13 000 in Accounts Receivable. Allowance for Bad Debts has a zero balance. It is estimated that the bad debts will be $135. (a) Prepare the adjusting entry to record the estimated bad debts of $135. (b) Copy the T-accounts that follow. Post the adjusting entry to your own T-accounts. Accounts Receivable Dec. 31 13 000 Allowance for Doubtful Accounts Bad Debts Expense