Wildhorse Co uses the percentage-of-receivibles basis to record bad debt expense and concludes that 2 eof accocints receivable will become uncollectible, Accounts rocelvable are 5542000 at the end of the year, and the allowance for doubtful accountshas a credit balance of $3,720 (a) Prepare the adjusting journal entry to record bad debt expense for the year. (Credit account titles are outomatically indented when amount is entered Do not indent manually if no no entry is required, select "No Entry" for the account bitles and enter O for the amounts