BE9-5 Assume the same information as BE9-4. On March 4, 2013, Henderson Co. receives pay- ment of $5,400 in full from Jaime Lynn. Prepare the journal entries to record this transaction. BE9-6 Erik Co. elects to use the percentage-of-sales basis in 2012 to record bad debts expense. It estimates that 2% of net credit sales will become uncollectible. Sales revenues are $800,000 for 2012, sales returns and allowances are $45.000, and the allowance for doubtful accounts has a credit balance of $9,000. Prepare the adjusting entry to record bad debts expense in 2012