The following information applies to the questions displayed At December 31, 2015, Ethan Company reports the following results for its calendar-year Cash sales Credit sales $ 1,287,880 3.217,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts 974.751 debit 18,160 debit There was objective evidence that 11% of a $142,000 debt owed by a debtor, Nathan Company. probably be uncollectible. An aging analysis of the rest of the accounts receivables indicated that an estimated 6% of these accounts would not be collectible would most value: 30.00 points Required: 1. Prepare the adjusting entry for this company to recognize bad debts.(Round your intermediate calculations and and final answers to the nearest dollar amount. Omit the "$ sign in your response.) General Journal Dec 31 Bad debts expense Allowance for doubtful accountsV Worksheet Difficulty: Hard arming Objective: 09-P2 Apply the allowance based on sales and accounts receivable. Ask your instructor a question 2. 10.00 points 2. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31, Omit the "$" sign in your response.) (Click to select) click to select) References Leaming Objective: 09-P2 Apply the allowance method based on sales and apcounts receivable. Worksheet Difficulty: Hard