its QUESTION 7 2020 Net credit sales Estimate of doubtful debts $100,000 Allowance account credit balance 1% of net credit sales Gross Accounts receivable $1,800 before the estimate was made $40,000 Required: Prepare the adjusting entry to record bad debts expense for 2020 using the percentage of sales method For the toolbar, press ALT4F10 (POOR ALTFN+F10 Mach Igs Paragraph Arial 10pt E A I XD 3x X, + v 992 0) V *** HEF 2 SD Click Save and Submit to save and submit. Click Save All Ansters to save allantes