Journal entry worksheet Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $12,000 credit balance. Note: Enter debits before credits. Exercise 9-15 (Static) Percent of receivables method LO P3 a. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 4.5% of total accounts receivable to estimate uncollectibles, instead of the aging of recelvables method. b. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtul Accounts is a $12,000 credit. c. Prepare the adjusting entry to record bad debts expense using the estimate from part as Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $1,000 debit. Complete this question by entering your answers in the tabs below. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 4.5% of total accounts receivable to estimate uncollectibles, instead of the aging of recelvables method. Journal entry worksheet Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $1,000 debit balance. Note: Enter debits before credits