Kiley Company had a P600 credit balance in Allowance for Doubtful Accounts at December 31, 2017, before the current year's provision for uncollectible accounts. An aging of the accounts receivable revealed the following: Estimated Percentage Uncollectible Current Accounts P120,000 1% 130 days past due 12,000 3% 3160 days past due 10,000 6% 6190 days past due 5,000 12% Over 90 days past due 8,000 30% Total Accounts Receivable P155,000 Instructions (a) Prepare the adjusting entry on December 31, 2017, to recognize bad debts expense. (b) Assume the same facts as above except that the Allowance for Doubtful Accounts account had a P500 debit balance before the current year's provision for uncollectible accounts. Prepare the adjusting entry for the current year's provision for uncollectible accounts. (c) Assume that the company has a policy of providing for bad debts at the rate of 1% of Sales, that Sales for 2017 were P400,000, and that Allowance for Doubtful Accounts had a P550 credit balance before adjustment. Prepare the adjusting entry for the current year's provision for bad debts.