Because of poor credit controls, Haman Web Design has a high rate of bad debt. Before the year end adjustments on August 31, 2023, the company's allowance for doubtful accounts had a credit balance of $18,700. The year-end balance for the allowance for doubtful accounts will be based on the aging schedule shown below. Do not enter dollar signs or commas in the input boxes. a) Fill in the table to calculate the balance for the Allowance for Doubtful Accounts Aging Category Bad Debt % Balance Estimated Bad Debt Less than 20 days 1% $349,000 20-30 days 4% $92,000 31-60 days 7% $71,000 61-90 days 13% $34,000 91-120 days 20% $17,000 Over 120 days 44% $14,000 Total $577,000 b) Prepare the journal entry to record bad debt expense for the year. Date Account Title and Explanation Aug 31 Record bad debt expense Debit Credit