Accounting Professor Cote Test Chapter 7 Credit Debit $615,000 Account Accounts Receivable Allowance for Doubtful Accounts Credit Sales $1,700 $1,060,000 If allowance for doubtful accounts are estimated as a percentage of credit sales at 4% percent: what would be the adjusting entry at year end? If allowance for doubtful accounts are estimated as a percentage of accounts receivable at 3% percent: what would be the adjusting entry at year end