348 Exercise 9-17 Estimating bad debts P3 Check Dr Bad Debts Expense (1) $9.000 $12.500 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 balance includes the following items. Accounts receivable....... $125,000 debit $300,000 Allowance for doubtful accounts...... $5,000 debit 1. Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be 3% of credit sales. 2. Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be 1% of total sales. 3. Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be 6% of year-end accounts receivable.