I could definitely use some help on this question. For the first answer, I came up with 10,500, but check my work is saying that it's wrong and I can't figure out what I'm doing wrong. Assume J.T. Traverse uses of 1 percent of revenue to estimate its bad debt expense for the year. Prepare the adjusting journal entry required at February 28 for recording Bad Debt Expense. Accounts Receivable $ 987,000 Allowance for Doubtful Accounts $ 4,950 Sales and Service Revenue 4,200,000