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Current Attempt in Progress Sage Hill Inc. uses the percentage-of-receivables basis to record bad debt expense. Accounts receivable (ending balance) Allowance for doubtful accounts (unadjusted) $421,000 (debit) 5,400 (debit) The company estimates that 2% of accounts receivable will become uncollectible. (a) Your Answer Correct Answer Your answer is correct. Prepare the adjusting journal entry to record bad debt expense for the year. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry"for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Bad Debt Expense 13820 Allowance for Doubtful Accounts 13820 e Textbook and Media Solution List of Accounts Attempts: 3 of 3 used (b) What is the ending (adjusted) balance in Allowance for Doubtful Accounts? (Post entries in the order of journal entries posted in the previous part) Allowance for Doubtful Accounts e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer (c)