Wildhorse Corp uses the percentage$-$of$-$receivables basis to record bad debt expense.Accounts receivable $($ending balance$)$$$590,000($debit$)$Allowance for doubtful accounts $($unadjusted$)4,800($debit$)$The company estimates that $3\%$ of accounts receivable will become uncollectible.$($a$)$Prepare the adjusting journal entry to record bad debt expense for the year. $($List debit entry before credit entry. 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 $0$ for the amounts.$)$Account Titles and ExplanationDebitCredit$($b$)$What is the ending $($adjusted$)$ balance in Allowance for Doubtful Accounts?Ending $($adjusted$)$ balance in Allowance for Doubtful Accounts