Rodriguez Company reports the following financial information before adjustments. Accounts Receivable Dr. $25,000 Cr. Allowance for Doubtful Accounts $ 500 Sales Revenue (all on credit) 225,000 Sales Returns and Allowances 12,500 Instructions Prepare the adjusting journal entry to record Bad Debt Expense assuming Rodriguez Company estimates bad debts at (a) 3% of net sales Bad debts Expense Allowance for doubtful accounts (b) 8% of accounts receivable Bad debt Expense