. Savannah Rey, owner of Business Solutions, realizes that she needs to begin accounting for bad debts expense. Assume that Business Solutions has total revenues of $49,000 during the first three months of 2019, and that the Accounts Receivable balance on March 31, 2019, is $22,567. 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, 2019 (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, 2019 (assume a zero unadjusted balance in the Allowance for Doubtful Accounts at March 31). 2. Assume that Business Solutions's Accounts Receivable balance at June 30, 2019, is $21.200 and that one account of $98 has been written off against the Allowance for Doubtful Accounts since March 31, 2019. 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, 2019? 0 Req 1A Reg 18 Reg 2 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, 2019 (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 General Journal March 31, 2019 Prey 1 of 1 l Score answer > Reg LA Req 18 Req 2 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, 2019 (assume a zero unadjusted balance in the Allowance for Doubtful Accounts at March 31). (Round final amount to the nearest whole dollar.) View transaction list Journal entry worksheet Record estimated bad debts. Note: Enter debit before credits Date General Journal March 31, 2019 Prox 1 of 1 Score answer Reg 1A Req 1B Reg 2 Assume that Business Solutions's Accounts Receivable balance at June 30, 2019, is $21,200 and that one account of $98 has been written off against the Allowance for Doubtful Accounts since March 31, 2019. 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, 2019? (Round final amount to the nearest whole dollar.) Show less View transaction list Journal entry worksheet Record the estimated bad debts. Note: Enter debits before credits General Journal Date June 30, 2019 Debit Credit Prey 1 of 1 !!! Score answer > 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, 2019 (assume a zero unadjusted balance in the Allowance for Doubtful Accounts at March 31). Record estimated bad debts. Date General Journal Debit Credit March 31, 2019 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, 2019 (assume a zero unadjusted balance in the Allowance for Doubtful Accounts at March 31). (Round final amount to the nearest whole dollar.) Record estimated bad debts. Date General Journal Debit Credit March 31, 2019 Assume that Business Solutions's Accounts Receivable balance at June 30, 2019, is $21,200 and that one account of $98 has been written off against the Allowance for Doubtful Accounts since March 31, 2019. 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, 2019? (Round final amount to the nearest whole dollar.) Record estimated bad debts. Date General Journal Debit Credit June 30, 2019 Savannah Rey, owner of Business Solutions, realizes that she needs to begin accounting for bad debts expense. Assume that Business Solutions has total revenues of $49,000 during the first three months of 2019, and that the Accounts Receivable balance on March 31, 2019, is $22,567. 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, 2019 (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, 2019 (assume a zero unadjusted balance in the Allowance for Doubtful Accounts at March 31) 2. Assume that Business Solutions's Accounts Receivable balance at June 30, 2019, is $21,200 and that one account of $98 has been written off against the Allowance for Doubtful Accounts since March 31, 2019. 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, 2019