Metlock Merchandising uses an aging schedule to determine its estimated uncollectible accounts at year end. The percentage estimates of bad debts are as follows: METLOCK MERCHANDISING Aged Schedule of Accounts Receivable No. of Days Estimated % Outstanding Amount Uncollectible 0-30 days $61,300 0.45% 31-60 days 26,200 5.10% 61-90 days 11,900 21.00% Over 90 days 4,800 48.00% $104,200 Using the information above for Metlock Merchandising, prepare the adjusting entry to record bad debt expense for each of the following independent situations