Preparing an adjustment entry to recognize bad debts under each of the following assumptions.

Preparing an adjustment entry to recognize bad debts under each of the following assumptions.

1. bad debts are estimated to be 1.5% of credit sales

2. bad debts are estimated to be 1% of total sales.

3. An aging analysis estimates that 5% of year-end accounts receivable are uncollectible.

Cash sales are 1,905,000

Credit sales are 5,682,000

Bad debt expenses are 85,230

Accounts receivable is 1,270,000

Allowance for doubtful accounts is 16,580

Bad debt expense 80,085

Also I need to show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31, 2015 balance sheet given the facts.

Also show how accounts receivable and the allowance for doubtful accounts appear on its december 31, 2015 balance sheet.