(Recording Bad Debts) Duncan Company reports the following financial information before adjustments. Dr. Cr. Accounts Receivable Allowance for Doubtful Accounts $100000 $ 2000 Sales Revenue (all on credit) Sales Returns and Allowances 50000 900000 Instructions P r epa r e the journal entry to r eco r d Bad Debt Expense assuming Duncan Company estimates bad debts at (a) 1% of net sales and (b) 5% of accounts r eceivable.