The following is information regarding adjusted account balances at September 30. 2011: During October. Leonardo Painters recorded euro2.300.000 in total revenues, all on credit. Collections during October were euro2.025,000, which included the recovery of euro65.000 from a customer account written off in September. Total receivables identified as being uncollectible and written off during October were euro25.000. Leonardo Painters estimates bad debts to be 0.5% of net credit revenues. Prepare the adjusting entry to record estimated bad debts for October. (Note that bad debts are normally estimated at year end) During November, revenues totaled euro1, 975.000. all on credit. Collections during the month were euro1.865,000. An account for euro28,000 was identified as being uncollectible and written off on November 28. It was recommended to Leonardo Painters that the method of estimating bad debts be changed to the statement of financial position approach. As a result, it was estimated that 5% of the November 30 accounts receivable balance was uncollectible. Prepare the adjusting entry to record estimated bad debts on November 30. (Note that bad debts are normally estimated at year end)