problem 6 Floor Products Co. uses Percentage of Receivables to estimate bad debts. At 12/31/17, the company's Accounts Receivable total $400,000. A 12/31/17 aging schedule analysis found that $36,000 of the existing accounts receivable are expected to become uncollectible. a. Prepare the 12/31/17 adjusting entry to record estimated bad debts expense under the following assumption. YOUMUST SHOW YOUR WODN W....... DIT. b. Indicate the effect (increase, decrease, no effect) as well as the corresponding dollar amount the above entry will have on N Income c. Prepare the 12/31/17 adjusting entry to record estimated bad debts expense under the following assumption. YYOMU SHOW YOUR WORK, WHERE APPLICABLE, TORECEIVE CREDIT