Problem SNSA Determining Bad Debt Expense Using the Aging Method Ar the beginning of the year. Tennyson Auto Parts had an accounts receivable balance of $31.800 and a balance in the allowance for doubt counts of 52,980 (credit). During the year. Tennyson had credit sales of 562100, collected accounts receivable in the amount of $602,700, wrote of SIX.600 of accounts receivable, and had the following data for accounts receivable at the end of the period: Receivable Age Current 1-15 days past due 16-45 days past due 46-90 days past due Over 90 days past due Amount 520.400 5.300 3.100 3.600 2.400 $34,800 Proportion Expected to Default 0.01 0.02 0.08 0.15 0.30 Required: 1. Prepare journal entries for credit sales, collections, and write-offs. 2. Determine the balance in allowance for doubtful accounts before the bad debt expense adjusting entry is posted. 3. Determine the desired post-adjustment balance in allowance for doubtful accounts. 4. Compute bad debt expense. 5. Prepare the adjusting entry to record bad debt expense