Underwood Company's ledger at the end of the current year shows Accounts Receivable of $150,000. (a) If Allowance for Doubtful Accounts has a credit balance of $4,500 in the trial balance and bad debts are expected to be 8% of accounts receivable, journalize the adjusting entry for the end of the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)