View Policies Current Attempt in Progress Culver Company reports the following financial information before adjustments. Dr. Cr. Accounts Receivable $168,900 Allowance for Doubtful Accounts $3,200 Sales Revenue (all on credit) 849,300 Sales Returns and Allowances 50,440 Prepare the journal entry to record bad debt expense assuming Culver Company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but Allowance for Doubtful Accounts had a $1,550 debit balance. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation (a) (b) eTextbook and Media List of Accounts Debit Credit