Santana Rey, owner of Business Solutions, realizes that she needs to begin accounting for bad debts expense. Assume that Business Solutions has total revenues of $45,000 during the first three months of 2017, and that the Accounts Receivable balance on March 31 2017, is $22,367 Required 1a. 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, 2017 (assume a zero unadjusted balance in the Allowance for Doubtful Accounts at March 31) View transaction list Journal entry worksheet Record the estimated bad debts. Note: Enter debits before credits. Date March 31 2017 General Journal Debit Record entry Clear entry View general journal