Required: 1. Prepare the adjusting entry for this company to recognize bad debts under each of the following independent assumptions. a. Bad debts are estimated to be 4% of credit sales. b. Bad debts are estimated to be 3% of total sales. c. An aging analysis estimates that 7% of year-end accounts receivable are uncollectible. Adjusting entries (all dated December 31, 2013). view transaction list view general journal Journal Entry Worksheet 1 2 3 An aging analysis estimates that 7% of year-end accounts receivable are uncollectible Transaction General Journal Debit Credit C. Bad debts expense Allowance for doubtful accounts *Enter debits before credits done clear entry record entry