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A company had acoourts receivable of $100,000 at year ond and sales of $1,000,000 for the year. Allowance for Doubtil Accounts had a $1,000 debit

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"A company had acoourts receivable of $100,000 at year ond and sales of $1,000,000 for the year. Allowance for Doubtil Accounts had a $1,000 debit balance at year end before afjusiment. the company estmates uncolloctible accounts based on past expecience as folows The year end adiutment to record bad debss tor the period wit require" "credi to Nlowanco for Doubted Accounts lor $3,200 " "dobit to Bad Debts Eipense for \$2,000" "debir to Alowance for Doubtul Acoounts for $1,000. "debit to Blad Debts Expense for 4,200. "A company had accounts recelvable of $100,000 at year end and sales of $1,000,000 for the year. Allowance for Doubtiul Accounts had a $1,100 credit balance at year end before adjustment. the company estimates uncollectible accounts bosed on past experience as folows: The year end adustment to recona bad debts for the period will require " "credi to Aliowance for Doubdui Accounts for $3,200 " "debit to Eas Debis Expense for 52,500 ." "Seba to Allowance for Doubtful Accounts for 51,100 ." "debt to Bad Debts Expense for \$2,100

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