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Allowance for Doubtful Accounts has a debit balance of $539 at the end of the year before adjustment), and Bad Debt Expense is estimated at

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Allowance for Doubtful Accounts has a debit balance of $539 at the end of the year before adjustment), and Bad Debt Expense is estimated at 1% of sales. If net credit sales are $976,800, the amount of the adjusting entry to record the estimate of the uncollectible accounts is Oa. $9,229 Ob. $539 Oc. $10,307 Od. $9.768

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