Chipman Sofware recently reported the following amcunts in its unadjusted trial balance at its year-end: Required: 1. Prepare the adjusting journal entry required for the year Assume Chipman uses 1/4 of 1 percent of sales to estimate its Bad Debt Expense for the year and no Bad Debt Expense has been recorded yet. 2. Prepare the adjusting journal entry required for theyear. Assume instead that Chipman uses the aging of accounts receivable method and estimates that $80 of its Accounts Receivable will be uncollectible 3. Assume instead that Chipman uses the aging of accounts receivable method and estimates that $80 of its Accounts Receivable will be uncollectible. Prepare the year-end adjusting joumal entry for recording Bad Debt Expense. Assume Chipman's year-end unadjusted balance in Allowance for Doubtful Accounts was a debit balance of $20. 4. It one of Chipman's main customers declared bankruptcy after year-end, what jotrnal entry would be used to write off its $15 balance? unadjusted balance in Allowance for Doubttul Accounts was a debit balance of \$20. 4. If one of Chipman's main customers declared bankruptcy after year-end. what journal entry would be used to write off its $15 balance? Complete this question by entering your answers in the tabs below. Prepare the adjusting journal entry required for the year. Assume Chipman uses 1/4 of 1 percent of sales to estimate its Bud Debt. Expense for the year and no Bad Debt Expense has been recorded yet. (If no entry is required for a transaction/event, sefect "No Journal Entry Required in the first account fietd.) Journal entry worksheet Record the entry for bad debt expenses under the percentage of credit sales method. Motet friter debits before credits. Complete this question by cutering your answers in the tabs below. Prepare the adjusting journal entry required for the year. Assume instead that chipman uses the aging of accounts receivable inethod and estimates that $80 of its Accounts Receivable will be uncoliectible. (II ho entry is required for a transaction/event, setert "Wo 70u inal Entry Required" in the first account field.) Shove lessa Journal entry worksheet Record the entry for bad debt expenses under the aging of accounts receivable method. Note: Enter debits before cretits. Complete this question by entering your answers in the tabs below. Assume instesed that Chipman uses, the oging of accounts receivahle method and estimates that $80 of its Accounts Receivable will be uncollectible. Prepare the year-end adjusting journal entry for recarding Bad Dobt Expensen. Assume Chipman's year-end unadjusted balance in Allowance for Doubtful Accounts was a debit balance of \$20. (If no entry is required for a transaction/event, select "No lourral. Entry Required" in the first account field.) Show lessa Journal entry worksheet Record the adjusting entry for bad debts, using the aging of accounts receivable method. Notei Finter debats before credits. Complete this question by entering your answers in the tabs below. If one of Chipman's main customers declared bankruptcy after year-end, what fournal entry would be used to write off its $15 balance? (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the write-off certain customer account which is not collectible due to bankruptcy declared by the customer totaling $15. Notes-Enter debits hecore credita