they are 2 different questions

Sheffield Corp. has been in business several years. At the end of the current year, the unadjusted trial balance shows Accounts Receivable $317,600 Dr. Sales Revenue 2.439,300 Cr. Allowance for Doubtful Accounts 7.600 CM Bad debts are estimated to be 9% of receivables. Prepare the entry to adjust Allowance for Doubtful Accounts (Credit account titles are automatically indented when amount is entered. Do not indent manually . If no entry is required, select "No Entry for the account elles and enter for the amounts) Account Titles and Explanation Debit Credit Bad Debt Expense Allowance for Doubtful Accounts (To record estimate of uncollectible accounts) Carla Vista Distributors is a growing company whose ability to raise capital has not been growing as quickly as its expanding assets and sales. Carla Vista's local banker has indicated that the company cannot increase its borrowing for the foreseeable future. Carla Vista's suppliers are demanding payment for goods acquired within 30 days of the invoice date, but Carla Vista's customers are slow in paying for their purchases (60-90 days). As a result, Carla Vista has a cash Now problem Carla Vista needs $174,800 to cover next Friday's payroll. Its balance of outstanding accounts receivable totals $746,400. To alleviate this cash crunch, the company sells $185,800 of its receivables. Record the entry that Carla Vista would mako.(Assume a 2% service charge) (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Cash Service Charge Expense Accounts Receivable (To record sale of receivables to factor)