The following information was taken from the accounts receivable records of Flounder Corporation as at December 31, 2020:

		Outstanding Balance		Percentage Estimated to be Uncollectible
0 30 days outstanding		$154,000		0.5%
31 60 days outstanding		64,600		2.5%
61 90 days outstanding		40,400		4.0%
91 120 days outstanding		19,400		6.5%
Over 120 days outstanding		4,700		10.0%

(a) Prepare the year-end adjusting entry for bad debt expense, assuming allowance for doubtful accounts had a credit balance of $1,270 prior to the adjustment. (Credit account titles are automatically 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.)

Account Titles and Explanation	Debit	Credit

(b) Prepare the year-end adjusting entry for bad debt expense, assuming allowance for doubtful accounts had a debit balance of $3,930 prior to the adjustment. (Round answers to 0 decimal places, e.g. 8,971. Credit account titles are automatically 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.)

Account Titles and Explanation	Debit	Credit