Wildhorse Company reports the following financial information before adjustments. Accounts Receivable Allowance for Doubtful Accounts Sales Revenue (all on credit) Sales Returns and Allowances Dr. $147,300 (a) 50,910 No. Account Titles and Explanation Cr. $3,380 Prepare the journal entry to record bad debt expense assuming Wildhorse Company estimates bad debts at (a) 5% of accounts receivable and (b) 5% of accounts receivable but Allowance for Doubtful Accounts had a $1,380 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. List all debit entries before credit entries.) 809,000 Debit Credit

Wildhorse Company reports the following financial information before adjustments. Prepare the journal entry to record bad debt expense assuming Wildhorse Company estimates bad debts at (a) 5% of accounts receivable and (b) 5% of accounts receivable but Allowance for Doubtful Accounts had a $1,380 debit balance. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts, Credit account titles are outomatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)