At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales $ 903,000 Credit sales 303,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable $ 128,000 debit Allowance for doubtful accounts 5,300 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (a) 6% of credit sales, (b) 4% of total sales and (c) 9% of year-end accounts receivable.

Swain company manufactures one product, it does not maintain any beginning or ending inventories, and its uses a standard cost system. the company's beginning balance in retained earnings is $65,000. it sells one product for $170 per unit and it generated total sales during the period of $603,500 while incurring selling and administrative expenses of $54,500. swain company does not have any variable manufacturing overhead costs and its standard cost card for its only product is as follows: