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  3. the trial balance before adjustment of buffalo inc

The trial balance before adjustment of Buffalo Inc. shows the following balances. Give the...

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Accounting

The trial balance before adjustment of Buffalo Inc. shows the following balances.
Give the entry for estimated bad debts assuming that the allowance is to provide for doubtful accounts on the basis of (a)4% of gross
accounts receivable and (b)5% of gross accounts receivable and Allowance for Doubtful Accounts has a $1,955 credit balance. (If no
entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the
amount is entered. Do not indent manually.)
No. Account Titles and Explanation
Debit
Credit
(a)
image

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