Actividad 2: Allowance for Doubtful Accounts The ledger of the Adler Company at the end of the current year (Dec 31, 20x1), shows Accounts Receivable of $350,000. Instructions: Prepare the adjusting entries for Bad Debt expense at December 31 , if (a) Allowance for Doubtful Accounts has a credit balance of $4,000 in the trial balance and bad debts are expected to be 8% of accounts receivable. (Show all calculations.) (b) Allowance for Doubtful Accounts has a debit balance of $6,000 in the trial balance and bad debts are expected to be 8% of accounts receivable. (Show all calculations.)