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A trial balance before adjustments included the following: Debit Credit Sales $1,700,000 Sales returns and allowance $56,000 Accounts receivable $172,000 Allowance for doubtful accounts $3,040

A trial balance before adjustments included the following: Debit Credit Sales $1,700,000 Sales returns and allowance $56,000 Accounts receivable $172,000 Allowance for doubtful accounts $3,040 If the estimate of uncollectible accounts is made by taking 5% of gross accounts receivables, the amount of the adjustment is

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