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Question 5 of 10 1.5 / 3 E Part 1 Your answer is correct Nash, Inc. had net sales in 2020 of $1.476.200. At December 31, 2020, before adjusting entries, the balances in selected accounts were Accounts Receivable $257,500debit, and Allowance for Doubtful Accounts $1.877debit. Assume that11% of accounts receivable will prove to be uncollectible. Prepare the entry to record bad debt expense. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Dec Bad Debt Expense 30202 31. 2020 Allowance for Doubtful Accounts 30202 Part 2 Nash, Inc. had net sales in 2020 of 51,476,200. At December 31, 2020, before adjusting entries, the balances in selected accounts were Accounts Receivable $257.500debit, and Allowance for Doubtful Accounts $2.690credit. Assume Nash prepares an aging schedule that estimates total uncollectible accounts at $24.700. Prepare the entry to record bad debt expense. (if no entry is required, select "No Entry" for the account titles and enter for the amounts, Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31, 2020