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At the end of the current year, Accounts Receivable has a balance of $3,460,000, Allowance for Doubtful Accounts has a debit balance of $12,500 and
At the end of the current year, Accounts Receivable has a balance of $3,460,000, Allowance for Doubtful Accounts has a debit balance of $12,500 and sales for the year total $46,300,000. Bad deb expense is estimated at 1/2 of 1% of Sales Determine the amount of the adjusting entry for uncollectible accounts
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