2. 1.00 points Exercise 9-9 Estimating bad debts LO P2 At December 31, Folgeys Coffee Company reports the following results for its calendar year Cash sales 900,000 Credit sales Its year-end unadjusted trial balanceincludes the folowing items Accounts receivable $125,000 debit Allowance for doubtful accounts 5,000 debit a. Prepare the adjusting entry to record Bad Debts Expense assuming uncollectibles are estimated to be credit sales. view transaction list view general journal Journal Entry Worksheet Record Bad Debts Expense assuming uncollectibles are estimated to be 1.5% of credit sales. Date General ournal Debit Credit Dec. 31 Enter debits before credits clear entry record entry b. Prepare the adjusting entry to record Bad Debts Expense assuming uncollectibles are estimated to be 0.5% of total sales