Marigold Co. uses the percentage-of-recelvables basis to record bad debt expense and coneludes that 3% of accounts receivable will become uncollectible. Accounts recelvable are $416,900 at the end of the year, and the aflowance for doubtful accounts has a credit balance of 52.545 (a) Prepare the adjusting journal entry to record bad debt expense for the year (b) If the allowance for doubtful accounts had a debit balance of 5950 instead of a credit balance of $2,545, prepare the adjusting journal entry for bad debt expense (Wst all debit entries before credit entriec Credit ocoount tibles are eutomaticolly indented when anount is entered. Do not indent manually. If no entry is requirnd, select "No Entry' for the ocoount titles and enter of or the amounted