Que:4) On December 31, Burt Company's books showed accounts receivable of $285,600, sales revenue of $1,280,000 (70% were on credit); and Allowance for Doubtful Accounts of $2,600 (credit balance). Calculate and prepare journal entries to record the estimate for bad debts, assuming (1) Ten percent of the accounts receivable balance is assumed to be uncollectible. (2) Bad debts expense is estimated to be 2% of credit sales Ans:4)