Problem 1-Entries for bad debt expense) 10 Points The 2017 trial balance before adjustment of BBB Company reports the following balances: Accounts receivable Allowance for doubtful accounts Net Sales (all on credit) $100,000 S 2,500 710,000 Instructions A) Prepare the entry for estimated bad debts assuming that doubtful accounts are estimated to be 6% ofgross accounts receivable B) Prepare the entry for estimated bad debts assuming that doubtful accounts are estimated to be 1% of net sales. C) Assume that a $500 receivable has been written-off. Prepare the necessary journal entry