ACME Distribution, Inc. December 31,2016 4) The company has es be collected. timated, based on historica, Therefore, they provide an allowance for bad debts at that evel information, that 42% of its accounts receivable wil' ultimately not Calculat e the appropriade amount for the allowance at December 31,2016 Accounts receivable balance per the unadjusted ial balanoe Estimated allowance amount (Round answer to the nearest dollar calculation below for ful credit) and show your Amount of adjustment needed to the alowance account (Show your cakulation below to receive full credit). Complete below the adjusting jounal entry necessary for the allowance for bad Post the above entry to the trial balance in the adjustment columns