use the information presented in be7 4 for wilton inc a inst 355992

BE 7 5 Use the info in 7 4 for Wilton, Inca) instead of estimating the uncollectible at 2% of net sales, assume that 10% of accountsreceivables will prove to be uncollectible. Prepare the entry to collect bad debt expenseb)Instead of estimating uncollectable at 2% of net sales, assume Wiltonprepares an agingschedule that estimates total uncollectible accounts at $24,600. Prepare the entry to recordbad debt expense.(a)Bad Debt Expense………………………………………………………….22,600Allowance for Doubtful Accounts[(10% X $250,000) – $2,400]…………………………….22,600(b)Bad Debt Expense………………………………………………………….22,200Allowance for Doubtful Accounts($24,600 – $2,400)…………………………………………….22,200