P1.2. Before adjusting entries, at the end of 2021, Wimpy Co.'s trial balance was as following: Dr Cr Cash and cash equivalents 27,900 Accounts receivable 5,200 Allowance for doubtful accounts 800 Inventory 18,600 Long-term investments 40,000 Accounts payable 3,700 Unearned revenue 1,200 Notes payable 3,000 Common stock 50,000 Retained earnings 25,800 Revenues 13,500 Bad debt expense 4,300 2,000 98,000 98,000 Utilities expense 5 a. Assuming that an additional 5% of net accounts receivables will be uncollectible, what is the appropriate journal entry to record the bad debt expense? b. Assume that a total of 10% of gross accounts receivable will be uncollectible. Instead of Allowance for doubtful accounts of $800 credit, the balance was $800 debit. What is the appropriate journal entry to record the bad debt expense