Part A You have collected the following information related to Path Corp. as of December 31: Accounts Receivable Balance Allowance for Doubtful Accounts Net Credit Sales $2,400,000 (debit) 44,000 (debit) 10,000,000 Prepare, in good form the ADJUSTING entry (i.e., the one that would be made on December 31) to record Bad Debts Expense assuming that: 1. Path Corp. estimates Bad debts Expense to be 1% of Net Credit Sales. (4 points