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Brief Exercise 8-06-b (Part Level Submission) Marigold Carp uses the percentage ofreceivables basis to record bad debit expense. It estimates that 1% of accounts receivable

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Brief Exercise 8-06-b (Part Level Submission) Marigold Carp uses the percentage ofreceivables basis to record bad debit expense. It estimates that 1% of accounts receivable will become uncollectible. Accounts receivable are $543,000 at the end of the year and the allowance for doubtful accounts her credit balance of $2,290 Prepare the justing journal entry to record bad debt expence for the your credit account titles are automoblemy Indented when amount is entered to not internt manually) Account Times and Explanation Den Credit Click If you would like to show Work for this question Open Show work

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