QUESTION Westwood Corporation manufactures and sells drones; and provides high-end cinematography services to several major clients. All sales are made on credit. The company records its sales of drones and resulting receivables using the net method. The company's financial year ends December 31. Year End Data (December 31, 2020). DR CR Accounts Receivable $310,000 Allowance for Doubtful Accounts $14,000 Net Credit Sales Revenue $750,000 Cash $2,757,000 A. Prepare the journal entry to record bad debt expense assuming Westwood Corporation estimates bad debts at 3% of gross receivables on December 31, 2020. December 31, 2020 Dr. Cr