Rivera Incorporated, is a software development company that recently reported the following amounts (in thousands) in its unadjusted rial balance as of February 28, 2019. Required: 1. Assume Rivera uses 1/4 of 1 percent of revenue to estimate its bad debt expense for the year. Prepare the adjusting journal entry required at February 28 for recording Bad Debt Expense. 2. Assume instead that Rivera uses the aging of accounts receivable method and estimates that $5.700 (thousand) of Accounts Receivable will be uncollectible. Prepare the adjusting journal entry required at February 28 for recording bad debt expense. TIP: The aging of accounts recelvable method focuses on calculating whot the adjusted Allowance for Doubtful Accounts balance should be You need to consider the existing balance when determining the adjustment. 3. Assume that the unadjusted balance in Rivera's Allowance for Doubtful Accounts at February 28 was a debit balance of $1,140 (thousand). Rivera uses the aging of accounts receivable method and estimates that $5,700 (thousand) of Accounts Receivable will be uncollectible. Prepare the adjusting journal entry required at February 28 for recording bad debt expense. if If one of Rivera's customers declared bankruptcy, what journal entry would be used to write off its $570 (thousand) balance? Complete this question by entering your answers in the tabs below. Assume Rivera uses 1/4 of 1 percent of revenue to estimate its bad debt expense for the year. Prepare the adjusting journal entry required at February 28 for recording Bad Debt Expense. (If no entry is required for a transaction/event, felect "No Journal Entry 54,000).) Journal entry worksheet Record the entry for bad debt expenses under the percentage of credit sales method. Note: Enter debits before credits. Journal entry worksheet Record the entry for bad debt expenses under the aging of accounts receivable method. Note: Enter debits before credits. Journal entry worksheet Record the adjusting entry for bad debts as of February 29, using the aging of accounts receivable method. Note: Enter debits before credits. Journal entry worksheet Record the write-off of a $570,000 customer account, which is not collectible due to bankruptcy. Note: Enter debits before credits