Prepare the journal entry to record bad debt expense assuming Waterway Company estimates bad debts at (a) 4% of accounts recelvable and (b) 4% of accounts receivable but Allowance for Doubtful Accounts had a $1.540 debit balance. (ff no entry is required, select "No Entry' for the account titles and enter O for the amounts. Credit account tilles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries)