help please

The ledger of the Concord Corporation at the end of the current year shows Accounts Receivable of $246,000. Your answer is correct. If Allowance for Doubtful Accounts has a credit balance of $4,700 in the trial balance and bad debts are expected to be 8% of accounts receivable, journalize the adjusting entry for the end of the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit 14,980.00 Bad Debt Expense 14,980.00 Allowance for Doubtful Accounts Your answer is partially correct. If Allowance for Doubtful ACCOunts has a debit balance of $4,700 in the trial balance and bad debts are expected to be 8 % of accounts receivable, journalize the adjusting entry for the end of the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Bad Debt Expense Allowance for Doubtful Accounts