Layout yout References Mailings Table Tools Review View Design 11 A Aa EE*% she x, x A A Font Paragraph Assignment 1 210 W2021 incomp- Microsoft Word (Product Activation Faile AaBbCc AaBbCc AaBbCcDc AaBbCcDc AaBbCc AaBbCct Heading 1 Heading 31 Normal No Spaci... Heading 2. Styles Heading 4 5. Prepare the December 31, 2020, adjusting entry to estimate bad debts assuming that uncollectible accounts are estimated to be 3% of outstanding receivables Name of Account Bad Debts Expense Allowance for doubtful accounts Debit Credit 7,200 7,200 Calculations: Accounts Receivable Allowance for Doubtful Accounts 7,200 7,200 Bal 14,400 Diglah (153)