PARTA (8 marks) During 2021 Rehana Inc recorded was as follows Cash sales, $300,000 and credit sales $150.000 AL 12/31/2021 tetore the adjusting entres Accounts receivable showed a debit balance of $90,000 and Allowance for Doubtful Accounts showed a credit balance of 5600 Required: (a) Assuming a bad debt of $150 is to be written off give the journal entry on 12/31/2021 (2 MARKS) (b) Give the adjusting entry for bad debt opense at 12/31/21 assuming bad debt losses are estimated to be 1 percent of credit sales 12 MARKS (c) Give the adjusting entry for bad debt expense at 12/31/2021 assuming instead that bad debt losses are estimated to be percent of the balance in the Accounts receivable account (tako transaction (a) into account) (4 MARKS)