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The trial balance for Cougar Papers revealed the following balances before adjustments as of 12/31/2019. Cougar Papers estimates that 5% of gross accounts receivable will

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The trial balance for Cougar Papers revealed the following balances before adjustments as of 12/31/2019. Cougar Papers estimates that 5% of gross accounts receivable will be uncollectible. a. (7 pts) Provide the adjusting FSET impact to record bad debt expense for 2019? b. (3 pts) Show the presentation of accounts receivable that Cougar Papers will report on its December 31, 2019 balance sheet

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