At December 31, 2024, Sandhill Industries reports the following selected accounts from the unadjusted trial balance for its first year of operations: Account Debit Credit Accounts payable $322,000 Accounts receivable $644,000 Cash 36.800 Cost of goods sold 1,610,000 Interest receivable 1.025 Interest revenue 2,075 Merchandise inventory 299.000 Notes receivable, due April 10, 2025 41,400 Prepaid insurance 7.360 Sales 4,793.200 Sales returns and allowances 92,000 Short-term investments 46.000 Unearned revenue 23.000 (a) Prepare the journal entry to record the bad debt expense on December 31, 2024, assuming the credit manager estimates that 4% of the accounts receivable will become uncollectible. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry) > SANDHILL INDUSTRIES Balance Sheet (Partial) December 31, 2024 Assets eTextbook and Media List of Accounts > 67 69 $ UH 57