Return to page 10 Question 10 (5 points) Mcdermit company is using the income statement approach for estimating the bad debts. For the year ending December 31, 2019 credit sales amounted to 51,500,000. The company's policy is to estimate bad debts as a percentage of credit sales. The percentage for 2019 3075. Journal entry to record the allowance for bad debts would be: nr 2