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Adria Lopez, owner of success systems, realizes that she needs to begin for bad debts expense Assume that success systems has total revenues of $55,000 during the first three months of and that the Accounts Receivable balance on 31, Required: 1a. Prepare the adjusting entry needed for Success Systems to recognize bad debts expense, which are estimated to be 1% of total revenues on March 31, 2014 (assume a zero unadjusted balance in the Allowance for Doubtful Accounts at March 31). view transaction list view general journal Journal Entry Worksheet Record the estimated bad debts. Debit Credit General Journal Mar. 31,2014 Enter debits before credits clear entr record entry