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Providing for doubtful accounts At the end of the current year, the accounts...

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Accounting

Providing for doubtful accounts
At the end of the current year, the accounts receivable account has a debit balance of $932,000 and sales for the year total $10,570,000.
The allowance account before adjustment has a debit balance of $12,600. Bad debt expense is estimated at 1/4 of 1% of sales.
The allowance account before adjustment has a debit balance of $12,600. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $40,300.
The allowance account before adjustment has a credit balance of $8,500. Bad debt expense is estimated at 1/2 of 1% of sales.
The allowance account before adjustment has a credit balance of $8,500. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $70,600.
Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions (a through d) listed above.
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