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Part A (10 points) Shrek Corp. estimates bad debt expense with an aging of accounts receivable schedule. Shrek's estimate of uncollectible receivables resulting from an aging analysis equals $500. The beginning balance in the allowance for doubtful accounts was $440. Write-offs of bad debts during the period were $360. What amount would be recorded as bad debt expense for the current period? (Show your calculation for full credits.) Provide the journal entry to record bad debt expense for the current period