Problem 8-2B Estimating bad debt expense L02,3 CHECK FIGURES: 16. Bad Debt Expense = $11,240 2. Accounts receivable (net) = $216,160 An asterisk (*) Identifies assignment material based on Appendix 8A or Appendix 8B. On December 31, 2017, Stilton Service Company's year-end, the unadjusted trial balance included the fol- owing items: Account Debit Credit $239,000 Accounts receivable........ Allowance for doubtful accounts Sales ($470.000 cash sales).... $ 3,100 1,128,000 equired 1. Prepare the adjust entry on the books of Stilton Service Company to estimate bad debts under each of the following independent assumptions: a. Bad debts are estimated to be 3% of credit sales. b. An analysis suggests that 6% of outstanding accounts receivable on December 31, 2017, will become uncollectible. Ne.A weka