Marigold, Inc. had net sales in 2020 of $1,412,500. At December 31, 2020, before adjusting entries, the balances in selected accounts were Accounts Receivable $393,600 debit, and Allowance for Doubtful Accounts $3,220 credit. Assume Marigold prepares an aging schedule that estimates total uncollectible accounts at $32,000. Prepare the entry to record bad debt expense. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Date Account Titles and Explanation Debit Credit

Dec. 31, 2020

enter an account title to record bad debt expense on December 31 enter a debit amount enter a credit amount

enter an account title to record bad debt expense on December 31 enter a debit amount enter a credit amount