The following information relates to the business of Mr. Dumb Akkaoontant: Sales Accounts Receivables Bad Debts (not deducted from Accounts Receivables) 2009 $ 1,000,000 400,000 20,000 2010 $ 2,500,000 650,000 45,000 2011 $ 2,000,000 520,000 38,000 Instructions: Prepare the adjusting entries relating to Allowance for Doubtful Debts & Bad Debts Expense for the three years mentioned whereby: a) Allowance is computed on 3% of Sales b) Allowance is computed on 10% of Accounts Receivables