Tue Jan View Option 38 a no ACC-311-502- ACC: 502 an E7-7 (Recording Bad Debts): Sandel Company reports the following financial information before adjustments. Dr. Cr. Accounts Receivable 160,000 Allowance for Doubtful Accounts 2.000 Sales (all on credit) 800,000 Sales Returns and Allowances 50,000 Instructions: Prepare the journal entry to record bad debt expense assuming Sandel Company estimates bad debts at (a) 1% of net sales and (b) 5% of accounts receivable