At December 31, 20X8, Delaware Valley Nissan has an accounts receivable balance of $101,000. Allowance for Doubtful Accounts has a credit balance of $2,000 before the year-end adjustment. Service revenue for 20X8 was $800,000. Delaware Valley estimates that doubtful-account expense for the year is 1% of sales. Make the December 31 entry to record doubtful-account expense. Show how the accounts receivable and the allowance for doubtful accounts are reported on the balance sheet. Use the reporting format of PepsiCo on page 262.