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A trial balance before adjustments included the following: Debit Credit $1600000 Sales Sales returns and allowance Accounts receivable Allowance for doubtful accounts $54000 160000 2080

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A trial balance before adjustments included the following: Debit Credit $1600000 Sales Sales returns and allowance Accounts receivable Allowance for doubtful accounts $54000 160000 2080 If the estimate of uncollectible accounts is made by taking 3% of gross accounts receivables, the amount of the adjustment is $4738 $2720 $4800 $6880

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