Question 9 of 12 -/3 View Policies Current Attempt in Progress Tamarisk, Inc. uses the percentage-of-receivables basis to record bad debt expense and concludes that 3% of accounts receivable will become uncollectible. Accounts receivable are $ 425,500 at the end of the year, and the allowance for doubtful accounts has a credit balance of $ 2,659. (1) (b) Prepare the adjusting journal entry to record bad debt expense for the year. If the allowance for doubtful accounts had a debit balance of $ 850 instead of a credit balance of $ 2659 prepare the adjusting journal entry for bad debt expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually) No. Account Titles and Explanation Debit Credit lal (b) wuestion 9 of 12 -73 (Credit account titles are automatically indented when amount is entered. Do not indent manually) No. Account Titles and Explanation Debit Credit (a) ( e Textbook and Media Assistance Used List of Accounts Save for Late Attempts:0 of 3 used Submit