Sheridan Company uses the percentage-of-recelvables basis to record bad debt expense, The company estimates that 3% of accounts receivable will become uncollectible. (2) Prepare the adjusting journal entry to record bad debt expense for the year. (Credit occount tities are outomatically indented when amount is entered. Do not indent manually) (b) What is the ending (adjusted) balance in Allowance for Doubtful Accounts