Remaining Time: 1 hour, U8 minutes, 32 secon Question Completion Status: QUESTION 4 2020 Net credit sales Estimate of doubtful debts Allowance account credit balance Gross Accounts receivable $100,000 2% of net credit sales $1,800 before the estimate was made $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) BIS Paragraph Arial 3 10pt I. X D 1 points 0 +4 DWORDS FOW QUESTION 5 Cut Shine and to sove and submit. Check Save All Answers to save all answers Save All Answers 4 po