Question 2 View Policies Current Attempt in Progress Bonita, Inc. had net sales in 2020 of $1,504,300. At December 31, 2020, before adjusting entries, the balances in sglected accounts were Accounts Receivable $263,900 debit, and Allowance for Doubtful Accounts $3,070 credit. If Bonita estimates that 7% of its receivables will prove to be uncollectible. Prepare the December 31, 2020, Journal entry to record bad debt expense. Of no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Debit Credit Account Titles and Explanation Date Dec. 31, 2020