At December $31,$ the XYZ Company report the following results for its calendar year.

Cash Sales $$540,000$

Credit Sales $$180,000$

XYZ$$s year end Unadjusted Trial Balance includes the following

Accounts Receivables $$75,000$

Allowance for Doubtful Accounts $ $3,000$

$1.$ Prepare the adjusting journal entry to record bad debt expense assuming uncollectible are estimated to be $5\%$ of credit sales.

$2.$ Prepare the adjusting journal entry to record bad debt expense assuming uncollectible are estimated to be $3\%$ of total sales.

$3.$ Prepare the adjusting journal entry to record bad debt expense assuming uncollectible are estimated to be $7\%$ of year$-$end accounts receivable.