Question 2 of 20 Bridgeport Corp. uses the percentage-of-receivables basis to record bad debt expense Accounts receivable (ending balance) $565,000 (debit) Allowance for doubtful accounts (unadjusted) 4,200 (debit) The company estimates that 3% of accounts receivable will become uncollectible. (a) 0.33/0.5 Your answer is correct Prepare the adjusting journal entry to record bad debt expense for the year. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Bad Debt Expense Allowance for DoubtfulAccounts eTextbook and Media List of Accounts Debit 21150 Credit 21150 Attempts: unlimited Your answer is correct. What is the ending (adjusted) balance in Allowance for Doubtful Accounts? (Post entries in the order of journal entries posted in the previous part) Unadi. Bal Allowance for Doubtful Accounts 4200 Bad Debts 21150 Adj. Bal. 16950