At December 31 of the current year, a company reported the following: Total sales for the current year: $870,000 includes $240,000 in cash sales Accounts receivable balance at Dec 31, end of current year: $160,000 Allowance for Doubtful Accounts balance at January 1, beginning of current year: $6,400 credit Bad debts written off during the current year: $5,100, Prepare the necessary adjusting entry to record bad debts expense assuming this company's bad debts are estimated to equal S% of accounts receivable. Prepare a table for the journal entry and show your work for partial credit Edit Format Table 12pt Paragraph BI VALTO |||