Bradford Company's accounting records as of December 31, 2016 provide the following information (before adjustment):

Cash sales $93,100

Net Sales on Credit 262,900

Total sales (net) $356,000

Accounts receivable 126,300

Provision for doubtful accounts 2,150 (credit)

1. Prepare journal entries to record Bradford's estimate of bad debt expense for 2016 assuming: a. Bad debts are estimated at 2% of net sales on credit. b. Bad debts are estimated at 5% of gross accounts receivable. Explain why the entries are what they are.