Question1 Farr elects o use the percentage of sales basis in 2017 o record bad dett expense. It estimates that 4% of net credit sales w become un lectitle. Sales revenues are 856,000 for 2017, sales returns and atowa nces are $59,300, and the allowance for dobru accounts has o credit balance or ?9,100. Prepare the adjusting entry to record bad debt expense in 2017. (Credit account titles are automatically Indented when amount is entered. Do not