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The trial before adjustment of Pert Company reports the following balances: Debit Credit Accounts receivable 500,000 Allowance for doubtful accounts 5,000 Sales Call on credit) 1,200,000 Sales returns and allowances 10,000 A. 1. z Prepare the entries for estimated bad debts assurning that doubtful accounts are estimated to be 1% of net credit sales 5% of gross accounts receivable B. Assurne that all the information above is the same, except that the Allowance for doubtful accounts has a debit balance of P5,000 instead of credit balance.compute the doubtful accounts expense in requirement A.1 and 2