Sheridan Co. uses the percentage-of-receivables basis to record bad debt expense and concludes that 3 \% of accounts recelvable will become uncollectible. Accounts receivable are $419,000 at the end of the year, and the allowance for doubtful accounts has a credit balance of $2,968. (a) Prepare the adjusting journal entry to record bad debt expense for the year; (b) If the allowance for doubtful accounts had a debit balance of $825 instead of a credit balance of $2.968, prepare the adjusting journal entry for bod debt expense. (List all debit entries before credit entries. Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)