Yoda 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 Prepare the journal entry to record Bad Debt Expense assuming Yoda Company estimates bad debts at (3 points each) (a) 1% of net sales (b) 5% of accounts receivable. (c) Assume beginning allowance for doubtful accounts was $10,000 and cash collections were $790,000. There were no writeoff recoveries. What was the beginning balance in the Accounts Receivable account? 2) Old Stuff (Part 1) Yoda 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 NAME ON BACK!!!! Prepare the journal entry to record Bad Debt Expense assuming Yoda Company estimates bad debts at (3 points each) (a) 1% of net sales (b) 5% of accounts receivable. (b) 5% of accounts receivable. (c) Assume beginning allowance for doubtful accounts was $10,000 and cash collections were $790,000. There were no writeoff recoveries. What was the beginning balance in the Accounts Receivable account?