prepare the adjusting entry for bad debt expense for 2023

Rocker Company provides information systems censultation services to large companies in the Chicagoland area. Due to a dip in the economy, Roeke has increased the percentage of credit sales which it believes will be uncoliectbie from 3.0% to 3.2% for the yeor. Roeker's consulting services provided revenues of $700,000 in 2023. During 2024, Roeker has write-offs of 5750 related fo goods purchosed in 2023. Prior to the write-off for the $/50 default, Roeknr's accounts recelvabie and allowince for doubtful accounts balances were $480,000 and $232 (credit), respectively