The following information pertains to the unadjusted balances for Simple Co. at the end of June. Accounts Receivable of $110,000 Allowance for Doubtful Accounts $1,700 credit Net Credit Sales $330,000 Cost of Goods Sold $198,000 Prepare the adjusting journal entry for bad debts. Simple Co. uses the percentage of accounts receivable/aging of accounts receivable method to estimate bad debts and estimates that 5% of ending accounts receivable will be uncollectible. View transaction list Journal entry worksheet 1 Record the end-of-period adjustment for bad debts. Note: Enter debits before credits. Transaction June 30, 2020 General Journal Debit Credit Record entry Clear entry View general Journal