nstructions Chart of ccounts General Journal Next Level General Journal | Next Level Instructions Bradford Company's accounting records on December 31, 2016, provide the following information (prior to adjustment) Cash sales Net credit sales Total sales (net) Accounts receivable Allowance for doubtful accounts $ 93,100 263,600 $356,700 126,300 2,350 credit Required: 1. Prepare the journal entries to record the estimate of Bradford's bad debt expense for 2016 assuming A Bad debts are estimated to be 2% of net credit sales. B. Bad debts are estimated to be 5% of gross accounts receivable. 2. Next Level Discuss the advantages and disadvantages of the balance sheet and income statement approaches to estimating bad debt mparison of Bad Debt Estimation Methods Instructionshart oL ACCO General Journalt Level lGeneral Journal Prepare the journal entries to record the estimate of Bradford's bad debt expense on December 31 assuming bad debts are estimated to be 2% of net credit GENERAL JOURNAL DATE ACCOUNT TITLE DEBIT CREDIT Prepare the journal entres to record the estimate of Bradfords bad debt expense on December 3 f assumrg bad debts are estimated to be 5% of gross accounts receivable Additionel Instruction RGE GENERAL JOURNAL ACCOUNT TITLE DATE ACCOUNT TITLE POST RE DEBIT CREDIT Prepare the journal entries to record the estimate of Bradfords bed debt expense on December 31 assuming bad debts are estimated to be 5% of gross AGE GENERAL JOURNAL DATE ACCOUNT TITLE POST REF CREDIT