This question point possible Joumalize the adjusting entry on December 31, 2018, for Bad Detts Expense, which stated to be 5% of net credit sales. The income statement approach is used. The towing information given (Click on the can to view the Taccounts) (Recond db fra then owds Exclude explanations from joumal entries) Journal Entry Date Accounts PR Dr Dec 31 Bad Debia Expense T Alowance for Doub Accounts Data table Sales Metums Accounts Receivable 27.000 and Allowancem 104,000 500 Sales Discount Allowance for Doubtful Account 1000 Print Done