Exercise 9-11 Estimating bad debts LO P3 At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales Credit sales $ 903,000 303,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $128.000 debit 5,300 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 6% of credit sales. (2) 4% of total sales and (3) 9% of year-end accounts receivable. View transaction list View journal entry worksheet Debit Credit Transaction No General Journal Bad debts expense Allowance for doubtful accounts Bad debts expense Allowance for doubtful accounts C Bad debts expense Allowance for doubtful accounts