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 joumal entry to record bad debt expense for the year. (Credit account tities 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. SUBMIT ANSWER Attempts: 0 of 2 used SAVE FOR LATER Earn Maximum Points available only if you answer this question correctly in your first attempt