Helix reported the following information in its financial statements. Write-offs of accounts receivable were $250 in the current year. Helix did not recover any write-offs. At December 31 Accounts receivable Allowance for doubtful accounts Accounts receivable, net Current Year $ 6,000 500 Prior Year $ 4,500 400 $ 4,100 $ 5,500 Determine Bad Debts Expense for the current year. Bad debts expense At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales Credit sales $ 916,000 316,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $ 141,000 debit 6,600 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 1 2 3 Record Bad Debts Expense assuming uncollectibles are estimated to be 3% of credit sales. Note: Enter debits before credits. Debit Credit Date General Joumal December 31 View general journal Record entry Clear entry At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales Credit sales $ 916,000 316,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $ 141,000 debit 6,600 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 K 1 2 3 > Record Bad Debts Expense assuming uncollectibles are estimated to be 1% of total sales. Note: Enter debits before credits. Debit General Journal Date Credit December 31 View general journal Record entry Clear entry At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales Credit sales $ 916,000 316,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $ 141,000 debit 6,600 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