2. Record the adjustment entry for bad debts ysing the aging of accounts receivable method?

value 2.50 points PB8-1 Recording Accounts Receivable Transactions Using the Allowance Method [LO 8- Chipman software recently reported the following amounts in its unadjusted trial balance at its year-end: Debits M Credits Accounts Receivable Allowance for Doubtful Accounts Sales (assume all on credit) $ 2,200 S 27 36,000 Required: 1&2. Prepare the adjusting journal entry required for the year. (If no entry is required for a transactionlevent, select "No Journal Entry Required in the first account field. Round your answers to nearest whole dollar amount.) (0) Assume Chipman uses 3/4 of 1 percent of sales to estimate its Bad Debt Expense for the year (@) Assume instead that Chipman uses the aging of accounts receivable method and estimates that $72 of its Accounts Receivable will be uncollectible View transaction list Journal entry worksheet Record the adjusting entry for bad debts using percent credit sales method. Note: Enter debits before credits. ransaction General Journal Debit Credit Record entry Clear entry View general journal