4. Prepare the adjusting entry to record bad debt expense. Record adjusting entry for bad debt expense estimate

S8SA (Algorithmic) Bad DeM Expense using Aging Method At the the yer. Tennyw' Auto Parts h" .ccounts receivble buna $31,800 and bonce In the doubtful "counts of $7,980 (credit). During the year, Tennyson had credit sales o' $624,300. accounts in the ammnt "02.700, wrote S ot receivable. rd the data for .ccounts at the end the Proportion expected Age I-IS days past due 164 S days 46-90 days past due Over 90 days due Required : s 18.800 3.100 3,600 $33,200 0.01 0.02 0.15 I. Determine the deured postadJuStmen' balance in alioance for doubtful accounts. a. Octertnine the balance n allowance for doubtful accounts before tne bad debt upens Odlustjnq entry posted. 3. Compute bad debt epense