At the end of the current year, the accounts receivable account has a debit balance of $925,000

Question:

At the end of the current year, the account has a debit balance of $925,000 and sales for the year total $10,490,000.
a. The allowance account before adjustment has a credit balance of $12,500. Bad debt expense is estimated at 3/4 of 1% of sales.
c.The allowance account before adjustment has a debit balance of $5,300. Bad debt expense is estimated at 1/4 of 1% of sales.
Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions (a through d) listed above.
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...