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The trial balance before adjustment of Monty Inc. shows the following balances. Dr. Cr. Accounts...

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Accounting

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The trial balance before adjustment of Monty Inc. shows the following balances. Dr. Cr. Accounts Receivable $91,800 Allowance for Doubtful Accounts 1,730 Sales Revenue $ 693,600 Give the entry for estimated bad debts assuming that the allowance is to provide for doubtful accounts on the basis of (a) 4% of accounts receivable assuming Allowance for Doubtful Accounts has the balance given in the problem data, and (b) 5% of accounts receivable assuming Allowance for Doubtful Accounts has a $1,690 credit balance. Of no entry is required, select "No Entry for the account titles and enter for the amounts Credit account tities are automatically indented when the amount is entered Do not indent manually) No. Account Titles and Explanation Debit Credit (a)

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