QUESTION #5 - Accounts Receivable It's the end of the month and you're trying to determine the appropriate Bad Debt Expense entry. Use the information below to determine the appropriate entry. Sales for the Month Cash Sales $100,000 Credit Sales $400,000 Total Sales $500,000 Ledger Balances Before Adjusting Entry for Bad Debts Expense Accounts Receivable $100,000 DR Allowance for Doubtful Accounts $200 CR a) Prepare the journal entry for the company. They use the Balance Sheet Approach. Assume you estimate 8% of Accounts Receivable to eventually become Bad Debts. b) What would be the net A/R on the Balance Sheet after preparing your journal entry from a)