Exercise 7-10 Estimating bad debts LO P3 At December 31. Folgeys Coffee Company reports the following results for its calendar year. 900,000 300,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable $125,000 debit 5,000 debit e for doubtful Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (a) 3% of c total sales and (c) 6% of year-end accounts receivable View transaction list Journal entry worksheet 2 Record Bad Debts Expense assuming uncollectibles are estimated to be 3% of credit sales