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4. The trial balance before adjustment of Resmedvir Company reports the following balances: Dr. Cr. Accounts receivable $600,000 Allowance for doubtful accounts $ 10,000 Instructions

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4. The trial balance before adjustment of Resmedvir Company reports the following balances: Dr. Cr. Accounts receivable $600,000 Allowance for doubtful accounts $ 10,000 Instructions a. Prepare the entry for estimated bad debts assuming that doubtful accounts are estimated to be 5% of accounts receivable. b. Show the T-accounts and how you got the correct Bad Debt Expense

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