Whispering Winds Corp. uses the percentage-of-receivables basis to record bad debt expense and concludes that 2% of accounts receivable will become uncollectible. Accounts receivable are $428,300 at the end of the year, and the allowance for doubtful accounts has a credit balance of $2,923. (a) (b) Prepare the adjusting journal entry to record bad debt expense for the year. If the allowance for doubtful accounts had a debit balance of $917 instead of a credit balance of $2,923, prepare the adjusting journal entry for bad debt expense