Brief Exercise 9-00 a-b Wildhorse Co, uses the percentage-of-receivables basis to record bad debt expense. It estimates that 3% of accounts receivable will become uncollectible. Accounts receivable are 5602.000 at the end of the year and the allowance for doubtful accounts has a credit balance of $2.030. 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 manual Account Titles and Explanation Del Credit If the allowance for doubtful accounts had a debt balance of 3910 instead of a credit balance of $2,030, determine the amount Bad Debt Expense Click if you would like to Show Work for this question Open She work be reported for bad debt expense