PART II - Sutherland Corporation sold goods to Rice Decorators for $50.000 on September 1. 2014, accepting Rice's $50,000. 6-month, 6% note Required Prepare Sutherland's September 1 entry. December 31 annual adjusting entry, and March 1 entry for the collection of the note and interest PART The trial balance before adjustment of Risen Company reports the following balances 1. Prepare the adjusting entry for bad debt expense assuming that the estimate of uncollectibles is determined by taking 5% of gross accounts receivable. 2. Prepare the adjusting entry for bad debt expense assuming that the estimate of uncollectibles is determined by taking 1% of net sales