Kingbird, inc. has accounts receivable of $97500$ at march $31,2022$ Kingbird, Inc. has accounts receivable of $$97,500$ at March $31,2022.$ Credit terms are $\frac{2}{10},\frac{n}{30}.$ At March $31,2022,$ there is a

$$1,934$ credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage$-$of$-$receivables basis

for estimating uncollectible accounts. The company's estimates of bad debts are as shown below. $($b$)$

Your answer is partially correct.

Prepare the adjusting entry at March $31,2022,$ to record bad debt expense. $($Credit account titles are automatically indented when

amount is entered. Do not indent manually.$)$

Account Titles and Explanation

Debit

Credit

Bad Debt Expense

$$

Allowance for Doubtful Accounts