If the allowance for doubtful accounts had a debit balance of $920 instead of a credit balance of $2,940, prepare the adjusting journal entry for bad debt expense. (Credit occount titles are outomatically indented when amount is entered. Do not indent mantually) Pharosh Company ates the parcentape-of - recelyables bash to record bad debt wimense and concludes that 20 of accounts receivable will become uncollectible. Accounts recelvable are $473.000 at the end of the year, and the allowance for doutitful accounts has a credit balance of $2.940