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 $3,010. Prepare the adjusting journal entry to record bad debt expense for the year. Account Titles and Explanation Debit ($) Credit ($) 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. Account Titles and Explanation Debit ($) Credit ($)