b. The aging of Accounts Receivable indicates that $2,600 will be required in the Allowance account to cover Bad Debts Expen Journal Entry Date Accounts PR Debit Credit a. Prepare on December 31, 2015, the adjusting journal entry for Bad Debts Expense. b. Prepare a partial balance sheet on December 31, 2015, showing how net realizable value is calculated. C. If the balance in the Allowance for Doubtful Accounts were a $300 debit balance, journalize the adjusting e Balances: Cash, $25,000; Accounts Receivable, $173,000; Allowance for Doubtful Accounts, $300; Merchandise b. Prepare a partial balance sheet on December 31, 2015, showing how net realizable value is calculated