QUESTION 2 ESG company sold merchandise with a cost of $1,500 for $4,500 cash The journal entry to record this transaction includes De to cash and Cr to sales $4,500 O De to cash and Cr to sales $1500 O Dr to accounts receivable and C to sales, $4,500 Dr to accounts receivable and Cr to sales, $1,500 QUESTION 3 2020 Net credit sales $100,000 Estimate of doubtful debts 2% of net credit sales Allowance account credit balance $1,800 before the estimate was made Gross Accounts receivable $40,000 Required: Prepare the adjusting entry to record bad debts expense for 2020 using the percentage of sales method. For the toolbar.press ALT:F10 (PC) or ALTFNF10 (Mac). BIUS Paragraph Arial 10pt E A2I. 111 Q TI