Can you show me the step by step solutions for chapter 7, problem 7sp for financial accounting: information decisions 9th edition?

Santana Rey, owner of Business Solutions, realizes that she needs to begin accounting for bad debts expense. Assume the Business Solutions has total revenues of $44,000 during the first three months of 2019, and that the Accounts Receivable balance on March 31, 2019, is $22,867.

Required:

1a. Prepare the adjusting entry needed for Business Solutions to recognizes bad debts expense, which are estimated to be 1% of the total revenues on March 31, 2019 (assume a zero unadjusted balance in the Allowance for Doubtful Accounts at March 31)

Date	General Journal	Debit	Credit
3-31-19

1b. Prepare the adjusting entry needed for Business Solutions to recognizes bad debts expense, which are estimated to be 2% of the total revenues on March 31, 2019 (assume a zero unadjusted balance in the Allowance for Doubtful Accounts at March 31)

Date	General Journal	Debit	Credit
3-31-19

2. Assume that Business Solutions's Accounts Receivable balance at June 30, 2019 is $20,250 and that one account of $100 has been written off against the Allowance for Doubtful Accounts since March 31, 2019. If S. Rey uses the method prescribed in part 1b, what adjusting journal entry must be made to recognize bad debts expense on June 30, 2019?

Date	General Journal	Debit	Credit
6-30-19