Part 1 Crane, Inc. had net sales in 2020 of $1,464,200. At December 31, 2020, before adjusting entries, the balances in selected accounts were Accounts Receivable $248,800 debit, and Allowance for Doubtful Accounts $1,807 debit. Assume that 10% of accounts receivable will prove to be uncollectible. Prepare the entry to record bad debt expense. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31, 2020 Part 2 Crane, Inc. had net sales in 2020 of $1,464,200. At December 31, 2020, before adjusting entries, the balances in selected accounts were Accounts Receivable $248,800 debit, and Allowance for Doubtful Accounts $3,090 credit. Assume Crane prepares an aging schedule that estimates total uncollectible accounts at $27,700. Prepare the entry to record bad debt expense. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31, 2020 (a) Sage, Inc. had net sales in 2020 of $1,410,600. At December 31, 2020, before adjusting entries, the balances in selected accounts were Accounts Receivable $384,800 debit, and Allowance for Doubtful Accounts $1,814 debit. Assume that 11% of accounts receivable will prove to be uncollectible. Prepare the entry to record bad debt expense. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31, 2020 (b) Sage, Inc. had net sales in 2020 of $1,410,600. At December 31, 2020, before adjusting entries, the balances in selected accounts were Accounts Receivable $384,800 debit, and Allowance for Doubtful Accounts $3,820 credit. Assume Sage prepares an aging schedule that estimates total uncollectible accounts at $24,000. Prepare the entry to record bad debt expense. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31, 2020