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Providing for Doubtful Accounts At the end of the current year, the accounts receivable account...

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Accounting

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Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a debit balance of $881,000 and sales for the year total $9,980,000. a. The allowance account before adjustment has a credit balance of $11,900. Bad debt expense is estimated at 34 of 1 %, of sales. b. The allowance account before adjustment has a credit balance of $11,900. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $38,100. C. The allowance account before adjustment has a debit balance of $8,000. Bad debt expense is estimated at 1/2 of 1% ofsales. d. The allowance account before adjustment has a debit balance of $8,000 An aging of the accounts in the customer ledger indicates estimated dou r. accounts t 565, . Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions (a through d) listed above. 26,200 57,900X b. C. d. 74,400

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