Question $2$ of $5$

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Bridgeport Limited had net sales in $2023$ of $$2\mathrm{.}2$ million. At December $31,2023,$ before adjusting entries, the balances in selected accounts were as follows: Accounts Receivable $$231,300$ debit; Allowance for Expected Credit Losses $$3,000$ debit. Assuming Bridgeport has examined the aging of the accounts receivable and has determined the Allowance for Expected Credit Losses should have a balance of $$25,900,$ prepare the December $31,2023$ journal entry to record the adjustment to Allowance for Expected Credit Losses. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List debit entry before credit entry.$)$

Account Titles and Explanation

Debit

Credit

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