It is now November 30, 2022, which is Purrfect Spa and Doggy Daycare's year-end. Sales and service revenue have slowed down so Genevieve has had time to record all of the journal entries. She has also recorded all of the adjusting entries except for the year-end adjustment for bad debts. Uncollectible accounts are approximately 3% of outstanding accounts receivable for the industry. Using this industry average, prepare the year-end adjusting entry. Genevieve asks you to prepare closing entries and a post-closing trial balance, after you have completed the year-end adjustment for bad debts. Purrfect Spa and Doggy Daycare Adjusted Trial Balance November 30, 2022 Cash Accounts receivable Allowance for doubtful accounts Supplies Merchandise inventory Equipment Debit $31,203 Credit 852 $12 275 4,500 14,460 Accumulated depreciation - Equipment 3,553 Accounts payable 950 Salaries payable 400 Unearned revenue 250 G. Shannara, capital 12,000 G. Shannara, drawings 9,000 Service revenue 78,000 Sales 58,500 Cost of goods sold 41,175 Interest revenue 4 Advertising expense 950 Depreciation expense 3,553 Freight out 245 Interest Expense 60 Rent expense 18,000 Salaries expense 8,400 Utilities expense 9,600 Supplies expense 4,780 Water expense 6,616 Total $153,669 $153,669