E6-9 LO6-2 Recording Bad Debt Expense Estimates and Write-Offs Using the Percentage of Credit Sales Method During the current year, Wite Electric, Inc, reconded credit sales of $1,300,000, Based on pricr experience, it estimates a 1 percent bad debt rate on credit sales Required Prepare jounal entries for each transaction a On September 29 of the current year, an account receivable for $4000 from March of the current year was determined to be uncollectible and was written off AThe appeopriate bad debt expense adjestment was recorded for the cunent year