QUESTIONS 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 ALT+FN+F10 (Mac). BI VS Paragraph Arial 10pt E E A 2 IX od TT 9 92 e . (1) V