Waterway, Inc. had net sales in 2017 of $1,492,600. At December 31, 2017, before adjusting entries, the balances in selected accounts were Accounts Receivable $232,200debit, and Allowance for Doubtful Accounts $1,906debit. Assume that11% of accounts receivable will prove to be uncollectible. Prepare the entry to record bad debt expense.(If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Waterway, Inc. had net sales in 2017 of $1,492,600. At December 31, 2017, before adjusting entries, the balances in selected accounts were Accounts Receivable $232,200debit, and Allowance for Doubtful Accounts $3,660credit. Assume Waterway prepares an aging schedule that estimates total uncollectible accounts at $33,100. Prepare the entry to record bad debt expense.(If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)