Perry Company prepared the below partial aging schedule for its accounts receivable for the year 2021. Perry Company prepares its financial statements at December 31. Not Yet Due Customers Total Number of Days Past Due 1-30 31-60 61-90 Over 90 Nizar $200 $300 $700 $200 Samer 150 $150 400 700 $300 400 100 Zeina 300 1.100 $350 $300 S550 $500 5800 $2,500 Total Estimated percentage 2% 5% 10% 20% 40% Total estimated Bad Debt is equal to: $250 $437 $434 Total estimated Bad Debt is equal to: * $250. O $437. O $434 O $2,500 O None of the above Knowing that the allowance for doubtful account has a debit balance of $200, the adjusting entry to record bad debt expense on December 31, 2021 is: Debit Bad Debt Expense $637 and Credit AFDA $637 Debit AFDA $237 and Credit Accounts Receivable $237 Debit AFDA $2,500 ad Credit Accounts Receivable $2,500. Debit Bad Debt Expense $437 and Credit AFDA S437 None of the above Back Submit Page 10 of 10 Clear form