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Skysong Company reports the following financial information before adjustments. Prepare the journal entry to record bad debt expense assuming Skysong Company estimates bad debts at

image text in transcribed Skysong Company reports the following financial information before adjustments. Prepare the journal entry to record bad debt expense assuming Skysong Company estimates bad debts at (a) 4% of accounts receivable and (b) 4\% of accounts receivable but Allowance for Doubtful Accounts had a \$1,580 debit balance. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)

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