Skysong, Inc. uses the percentage-of-receivables basis to record bad debt expense and concludes that 1% of accounts receivable will become uncollectible. Accounts receivable are $479,000 at the end of the year, and the allowance for doubtful accounts has a credit balance of $3,010. - List debit transactions first and then list credit transactions. - Use accounts provided in the Chart of Accounts above. Do NOT create your own account. - When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign. - List debit transactions first and then list credit transactions. - Use accounts provided in the Chart of Accounts above. Do NOT create your own account. - When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign. Prepare the adjusting journal entry to record bad debt expense for the year. If the allowance for doubtful accounts had a debit balance of $920 instead of a credit balance of $3,010, prepare the adjusting journal entry for bad debt expense