(c). Assume the same facts as in (b), except that there is a $3,000 debit balance in Allowance for Doubtful Accounts. What amount of bad debt expense will Mingenback record? Account Name Dr. Cr. Bad Debt Expense Allowance for Doubtful Account MN 1 P9.2A Compute bad debt amounts. WN 4 (LO2) Information related to Mingenback Company for 2020 is summarized below. Selected Amount 7 Unadjusted Trial Balance 8 Total credit sales 9 Accounts receivable at December 31 10 Bad debts written off $2,500,000 875,000 33,000 11 12 Instructions (a). What amount of bad debt expense will Mingenback Company report if it uses the direct write-off method of accounting for bad debts? Account Name Dr. Cr. Bad Debt Expense Accounts Receivable (b). Assume that Mingenback Company estimates its bad debt expense based on 6% of accounts receivable. What amount of bad debt expense will Mingenback record if it has an Allowance for Doubtful Accounts credit balance of $3,000? Account Name Dr. Cr. Bad Debt Expense