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Waterway, Inc. had net sales in 2025 of $1,484,100. At December 31,2025, before adjusting entries,...

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Accounting

Waterway, Inc. had net sales in 2025 of $1,484,100. At December 31,2025, before adjusting entries, the balances in selected accounts
were Accounts Receivable $232,300 debit, and Allowance for Doubtful Accounts $3,680 credit. If Waterway estimates that 10% of its
receivables will prove to be uncollectible.
Prepare the December 31,2025, journal entry to record bad debt expense. (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 debit
entry before credit entry.)
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