P Remaining Time: 1 hour, 58 minutes, 03 seconds. Question Completion Status: P 3 QUESTION 13 2020 Net credit sales Estimate of doubtful debts Allowance account credit balance Gross Accounts receivable $100,000. 2% of net credit sales $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 ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph XX < Arial RBC - 10pt A T * QUESTION 14 ESG company sold merchandise with a cost of $2,000 for $3,000 cash. The journal entry to record this transaction includes: eceivable and Cr. to sales; $3,000 O WORDS TX Q Clear formatting