BE7-5 Use the information presented in BE7-4 for Wilton, Inc.

BE7-5 Use the information presented in BE7-4 for Wilton, Inc.(a) Instead of estimating the uncollectibles at 2% of net sales, assume that 10% of accounts receivablewill prove to be uncollectible. Prepare the entry to record bad debt expense.(b) Instead of estimating uncollectibles at 2% of net sales, assume Wilton prepares an aging schedule thatestimates total uncollectible accounts at $24,600. Prepare the entry to record bad debt expense.