quired - consider each situation as independent of the others: 1. Calculate and prepare the appropriate year-end adjusting entry to record the estimated bad debt expense assuming Duncan Company estimates bad debts at 2.5% of net sales. Use good form and show your calculations. > To indent an account in this general journal, use 3 periods before the account. Example: ...Buildings (1 point reduction fo not indenting appropriately.)2.50% of net sales. Label your amounts in the worksheet below. Requirement Prepare the appropriate year-end journal entry to record the estimated bad debt expense using good form