Burl Brothers provided the following information regarding its accounts receivable at the beginning of the current year: (Click the icon to view the schedule of accounts receivable.) During the year, the company reported net credit sales of $21,000,000 of which it collected $9,900,000. The company wrote off $51,000 of actual bad debts for the year. Burl Brothers estimates the allowance for doubtful accounts at 4% of the ending accounts receivable balance. Prepare the journal entry to record the year-end adjusting entry for the bad debt expense. (Record debits first, then credits. Exclude explanations from any journal entries.) Account Year-end Data table Accounts receivable Allowance for doubtful accounts Net realizable value $ 1,320,000 (320,000) $ 1,000,000 Print Done -