Oriole Company uses the percentage-of-receivables basis to record bad debt expense and concludes that 2% of accounts receivable will become uncollectible. Accounts receivable are $620,000 at the end of the year, and the allowance for doubtful accounts has a credit balance of $3.320. (a) Your answer is correct Prepare the adjusting journal entry to record bad debt expense for the year. (Credit account tiles are automatically indented when amount is entered. Do notIndent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts Debit Credit Account Titles and Explanation 9.000 Bad Debten MOO Allowance for Door Accounts (b) Your answer is partially correct If the allowance for doubtful accounts had a debit balance of $800 instead of a credit balance of $3.320, prepare the adjusting journal entry for bad debt expense. (Credit account titles are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Debit Credit Account Tities and Explanation 620,000 Bad Debte Allowance for e Textbook and Media List of Accounts Armend at