Pharoah Company's ledger at the end of the current year shows Accounts Receivable of $135,000. (a) If Allowance for Doubtful Accounts has a credit balance of $4,050 in the trial balance and bad debts are expected to be 9% of accounts receivable, journalize the adjusting entry for the end of the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entry before credit entriy.)
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