(b) Your answer is partially correct. Prepare the adjusting entry at March 31, 2025, to record bad debt expense. (List debit entry before credit entry. 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 amount is entered. Do not indent manually.) Account Titles and Explanation Bad Debt Expense Allowance for Doubtful Accounts eTextbook and Media List of Accounts Debit Credit K

Your answer is partially correct. Prepare the adjusting entry at March 31, 2025, to record bad debt expense. (List debit entry before credit entry. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Cullumber Company has accounts receivable of $98.500 at March 31, 2025. Credit terms are 2/10. A/30. At March 31, 2025, there is a $2.000 credit thalance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis forestimating uncollectible accounts. The company's estimates of bad debts are as shown below