On December 31, 2018, the balance in Megan's Products Accounts Receivable was $680,000 and net credit sales amounted to 53.800,000 during 2018. An aging analysis of the accounts receivable indicated that $40,000 in accounts are expected to be uncollectible. Prepare the adjusting entries to record estimated bad debt expense using the percentage of receivables bass under each of the following independent assumptions: Allowance for Doubtful Accounts has a credit balance of 53.200 before adjustment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Allowance for Doobtful Accounts has a debit balance of S730 before adjustment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit