At the end of the current year, the accounts receivable account has a debit balance of $1,251,000 and sales for the year total $14,180,000.

The allowance account before adjustment has a credit balance of $16,900. Bad debt expense is estimated at 1/4 of 1% of sales.

The allowance account before adjustment has a credit balance of $16,900. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $54,100.

The allowance account before adjustment has a debit balance of $9,100. Bad debt expense is estimated at 1/2 of 1% of sales.

The allowance account before adjustment has a debit balance of $9,100. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $75,500.