ts eBook Fair Trader, a wholesaler of artistic works from developing regions, reports its year-end unadjusted trial balance that shows: accounts receivable of $20,400, allowance for doubtful accounts of $300 (credit), and sales of $74,000. Bad debts are estimated to be 0.5% of sales. Prepare the December 31 year-end adjusting entry for bad debts. View transaction list Journal entry worksheet ferences < 1 Record estimate of bad debts. Note: Enter debits before credits Date Dec. 31 General Journal Debit Credit Record entry Clear entry View general journal