Remaining Time: 32 minutes, 44 seconds. Question Completion Status: Oose Window Moving to another question will save this response. Question 16 Question 16 of 17 4 points Save Anwar Donald, owner of Dallas Company, begin accounting for bad debts expense Assume that Dallas Company has total revenues of $75,000 during 2019 and the Accounts Receivable balance on December 31 2019, is $42,000 Required: 1. Prepare the adjusting entry to record bad debts expense, which are estimated to be 3% of total sales on December 31, 2019 There is a zero unadjusted balance in the Allowance for Doubtful Accounts at December 31 2. Prepare the adjusting entry to record bad debts expense, which are estimated to be 5% of accounts receivable on December 31, 2019 There is a zero unadjusted balance in the Allowance for Doubtful Accounts at December 31 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIVS Paragraph Arial Y 14px hp E I WORDS POWERED BY TINY