Part II: Accounts Receivable A. Moto Cross Company uses the Percentage of Credit Sales Revenue Method to estimate bad debts expense. In 2018, the company had $700,000 in cash sales revenue and $1,800,000 of credit sales 8% of credit sales r year-end, December 31, 2018. revenue. It estimates Bad Debt Expense evenue. Please show the necessary adjusting journal entry at as B. Speedy Bicycle Company estimate bad debts expense. Speedy has this aging schedule at the end of 2018: uses the Aging of Accounts Receivable Method to Estimated Category Balance Estimated Amount Uncollectible Percentage Uncollectible $300,000 2% 225,000 4% 60,000 5% 65,000 10% $650,000 0-30 days 31-60 days 61-90 days Over 90 days Estimated Ending Balance in Allowance For Doubtful Accounts Speedy already has a $45,000 credit balance in the Allowance for Doubtful Accounts Please show the necessary adjusting journal entry at year-end, December 31, 2018