Current Attempt in Progress Swifty Corporation uses the percentage-of-receivables basis to record bad debt expense and concludes that 4% of accounts receivable will become uncollectible. Accounts receivable are $417.800 at the end of the year, and the allowance for doubtful accounts has a credit balance of $2,657. Prepare the adjusting journal entry to record de expense for the year. (b) If the allowance for doubtful accounts had a delence of $932 instead of a credit balance of $2.657. prepare the adjusting journal entry for bad debt expense. A (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit