View Policies Show Attempt History Current Attempt in Progress Pearl Industries uses the percentage-of-receivables basis to record bad debt expense. Accounts receivable (ending balance) $403,000 (debit) Allowance for doubtful accounts (unadjusted) 5.500 (debit) The company estimates that 3% of accounts receivable will become uncollectible. (a) Your answer is correct. Prepare the adjusting journal entry to record bad debt expense for the year. (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 for the amounts.) Debit Credit Account Titles and Explanation Bad Debt Expense 17590 Allowance for Doubtful Accounts 17590 e Textbook and Media List of Accounts Attempts: 3 of 5 used (b) What is the ending (adjusted) balance in Allowance for Doubtful Accounts? (Post entries in the order of journal entries posted in the previous part) Allowance for Doubtful Accounts Bad Debts Bad Debts e Textbook and Media List of Accounts Save for Later Attempts:0 of 5 used Submit