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At December 31, 2021, Kingbird Co. reported the following information on its balance sheet. During 2022, the company had the following transactions related to receivables.

image text in transcribedimage text in transcribed At December 31, 2021, Kingbird Co. reported the following information on its balance sheet. During 2022, the company had the following transactions related to receivables. Prepare the journal entry to record bad debt expense for 2022, assuming that an aging of accounts receivable indicates that expected uncollectibles are \$115,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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