Brief Exercise 8-6 (Part Level Submission) Splish Brothers Inc. uses the percentage-of-receivables basis to record bad debt expense. It estimates that 2% of accounts receivable will become uncollectible. Accounts receivable are $497,000 at the end of the year, and the allowance for doubtful accounts has a credit balance of $1,700. (a) Prepare the adjusting journal entry to record bad debt expense for the year. (Credit account titles are automatically indented when amount is entered. Do not Indent manually.) Account Titles and Explanation Debit Credit By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor (6) x Your answer is incorrect. Try again. If the allowance for doubtful accounts had a debit balance of $880 instead of a credit balance of $1,700, determine the amount to be reported for bad debt expense. Bad Debt Expense 15790 By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor SUBMIT ANSWER Attempts: 1 of 2 used SAVE FOR LATER % You have surpassed the number of attempts to earn Maximum Points for this question. For this attempt and any subsequent attempt(s); you will earn points according to the Point Potential policy set by your instructor