Recording Entries to Estimate Bad Debt Expense Including the Write-Off and Subsequent Collection of an Account Following are accounts of Long Company at its December 31 year-end for the current year. Required b. Prepare the entry to record bad debt expense for each of the following three cases. - Note: Treat each case separately. 1. Bad debt losses assume 1% of credit sales. 2. Bad debt losses assume 8% of the ending balance of accounts receivable. 3. Bad debt losses assuming the following aging schedule