I just need help with the last part which is in red, the last question Allowance for Doubts account 7,032 Bad Debt expense 7,032

View Policies Show Attempt History Current Attemot in Progress Presented below is information related to the Accounts Receivable accounts of Waterway Inc. during the current year 2025. 1. An aging schedule of the accounts receivable as of December 31,2025 , is as follows. "The $3,200 write-off of receivables is related to the 91 -to-120 day category 2. The Accounts Receivable control account has a debit balance of $367,900 on December 31,2025. 3. Two entries were made in the Bad Debt Expense account during the year: (1) a debit on December 31 for the amount credited to 3. Two entries were made in the Bad Debt Expense account during the year: (1) a debit on December 31 for the amount credited to Allowance for Doubtful Accounts, and (2) a credit for $3,200 on November 3, 2025, and a debit to Allowance for Doubtful Accounts becauise of a bankruptcy. 4. Allowance for Doubtful Accounts is as follows for 2025 . 5. A credit balance exists in Accounts Receivable (60-90 days) of $4,800, which represents an advance on a sales contract. Assuming that the books have not been closed for 2025 , make the necessary correcting entries. (Round answers to 0 decimal places, e.g. 5,275. 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 the amount is entered. Do not indent manually. List all debit entries before credit entries.) Question 5 of 5 0.88/1 \begin{tabular}{llll} Date & Account Titles and Explanation \\ Dec.31,2025 & Bad Debt Expense \\ & Accounts Receivable & Debit & \\ \hline \end{tabular} (To correct bad debt expense and write off accounts receivable) Dec. 31, 2025 Unearned Sales Revenue (To reclassify credit balance in accounts receivable) Dec. 31 , Allowance for Doubtful Accounts 2025 Accounts Receivable (To write off uncollectible accounts) Dec. 31, 2025 Allowance for Doubtful Accounts \begin{tabular}{|l|} \hline, 032 \\ \hline \end{tabular} Bad Debt Expense (To reduce allowance for doubtful account balance)