Coronado Industries uses the percentage-of-receivables basis to record bad debt expense and concludes that 3% of accounts receivable will become uncollectible. Accounts receivable are $385,200 at the end of the year, and the allowance for doubtful accounts has a credit balance of $2,870. (a) Prepare the adjusting journal entry to record bad debt expense for the year. (b) If the allowance for doubtful accounts had a debit balance of $887 instead of a credit balance of $2,870, prepare the adjusting journal entry for bad debt expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (a) Enter an account title Enter a debit amount Enter a credit amount Enter an account title Enter a debit amount Enter a credit amount (b)

A. Dr Bad debt expense $8,686

Cr Allowance for Doubtful account $8,686

B. Dr Bad debt expense $10,669

Cr Allowance for Doubtful account $10,669

Explanation:

(a) Prepararion of the adjusting journal entry to record bad debt expense for the year.

Dr Bad debt expense $8,686

Cr Allowance for Doubtful account $8,686

[(3%*$385,200)-$2,870]

(Being to record bad debt expense)

B.Preparation of the adjusting journal entry for bad debt expense

Dr Bad debt expense $10,669

Cr Allowance for Doubtful account $10,669

[(3%*$385,200)+$887]

(Being to record bad debt expense)

mauve company permits employees to occasionally use the copying machine for personal purposes

answer; /// multipotentialite means a person who have many different interests and creative pursuits in life; (one true calling);

polymath; means a person   of wide-ranging knowledge or learning;

scanner; means; a device that captures images from photographic prints,posters,magazine pages.ect;