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Metlock Company has a credit balance of $3,170 in Allowance for Doubtful Accounts before adjustment. The total estimated uncollectibles under the percentage-of-receivables basis is $6,140.

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Metlock Company has a credit balance of $3,170 in Allowance for Doubtful Accounts before adjustment. The total estimated uncollectibles under the percentage-of-receivables basis is $6,140. Prepare the adjusting entry to record bad debt expense. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit

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