Exercise 9-11 Estimating bad debts LO P3 At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales $918,000 Credit sales 318,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $143,000 debit 6,800 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 5% of credit sales. (2) 3% of total sales and (3) 8% of year-end accounts receivable. View transaction list Journal entry worksheet Record Bad Debts Expense assuming uncollectibles are estimated to be 5% of credit sales. Journal entry worksheet A B C Record Bad Debts Expense assuming uncollectibles are estimated to be 5% of credit sales. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general joumal View transaction list Journal entry worksheet Record Bad Debts Expense assuming uncollectibles are estimated to be 3% of total sales. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet