Required: 1. Prepare the adjusting entry to record bad debts under each separate assumption. a. Bad debts are estimated to be 4% of credit sales. b. Bad debts are estimated to be 3% of total sales. c. An aging analysis estimates that 4% of year-end accounts receivable are uncollectible. Adjusting entries (all dated December 31). x Answer is complete but not entirely correct. No Date General Journal Debit Credit December 31 Bad debts expense 10,000 Allowance for doubtful accounts 10,000 December 31 Bad debts expense 10,500 Allowance for doubtful accounts 10,500 December 31 Allowance for doubtful accounts 9,000 (X Xx Accounts receivable 9,000 X