how do I account for bad debt?

2. Santana Rey, owner of Business Solutions, realizes that she needs to begin accounting for bad debts expense. Assume that Business Solutions has total revenues of $50,000 during the first three months of 2022 and that the Accounts Receivable balance on March 31, 2022, is $22,517. Required: 1a. Prepare the adjusting entry to record bad debts expense, which are estimated to be 2% of total revenues on March 31, 2022. There is a zero unadjusted balance in the Allowance for Doubtful Accounts at March 31. General Journal Date Account Debit Credit March 31