Santana Rey, owner of Business Solutions, realizes that she needs to begin accounting for bad debts expense. Assume that Business Soltions has total revenues of $52.000 during the first three monthis of 2018.and that the Accounts Receivable balance on March 31, Required 1. Prepare the adjusting entry needed for Business Solutions to recognize bad debts expense, which are estimated to be 2% of total revenues on March 31, 2018 (assume a zero unadjusted balance in the Allowance for Doubtful Accounts at March 31) 1b. Prepare the adjusting entry needed for Business Solutions to recognize bad debts expense, which are estimated to be 3% of accounts receivable on March 31, 2018 (assume a zero unadjusted balance in the Allowance for Doubtful Accounts at March 31) Assume that Business Solutions' Accounts Receivable balance at June 30, 2018, is $20.350 and that one account of $96 has been written off against the Allowance for Doubtful Accounts since March 31, 2018. If S. Rey uses the method prescribed in part 1b, what adjusting journal entry must be made to recognize bad debts expense on June 30, 2018? Req 1A Req 18 Req 2 Prepare the adjusting entry needed for Busr ess solutions to recognize bad debts expense, which are estimated tobe 2% of total revenues on March 31, 2018 (assume a zero unadjusted balance in the Allowance for Doubtful Accounts at March 31) View transaction list Journal entry worksheet Record estimated bad debts. Note:Enter debits before credits Req 1A Req 1B Req 2 Prepare the adjusting entry needed for Business Solutions to recognize bad debts expense, which are estimated t revenues on March 31, 201 18 (assume a zero unadjusted balance in the Allowance for Doubtful Accounts at March 31) View transaction list Journal entry worksheet Record estimated bad debts. Note: Enter debits before credits Debit Credit Date March 31, 2018 General Journal Record entry Clear entry View general journal Req 1A Req 1B Req 2 Prepare the adjusting entry needed or Business Solutionsto recognize bad debts expense, which are estimated to be 3% of accounts receivable on March 31, 2018 (assume a zero unadjusted balance in the Allowance for Doubtful Accounts at March 31), View transaction list Journal entry worksheet Record estimated bad debts. Note: Enter debits before credits. Date Debit Credit March 31, 2018 Clear entry View general journal Record entry Req 1A Req 1B Req 2 ness Solutions Accounts Receivable balance at June 30, 2018, is $20,350 and that one account of $96 has been written off against the Allowance for Doubtful Accounts since March 31, 2018. If S. Rey uses the method prescribed in part 1b, what adjusting journal entry must be made to recognize bad debts expense on June 30, 2018 View transaction list Journal entry worksheet Record the estimated bad debts. Note: Enter debits before credits. Date June 30, 2018 Record entry Clear entry Vhew general journal