Chapter 21, Problem 21.9P

What is the required adjusting entry for bad debt expense?

Carrington Trading is a merchandising company. Last month, the company's cost of goods sold was $72,800. The company's beginning merchandise inventory was $24,500, and its ending merchandise inventory was $21,300. What was the total amount of the company's merchandise purchases for the month?

Please provide the solution to this financial accounting question using proper accounting principles.