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At the end of the current year, the accounts receivable account has a debit balance of $710,000 and sales for the year total $8,050,000. a.

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At the end of the current year, the accounts receivable account has a debit balance of $710,000 and sales for the year total $8,050,000. a. The allowance account before adjustment has a credit balance of $9,600. Bad debt expense is estimated at 3/4 of 1% of sales. b. The allowance account before adjustment has a credit balance of $9,600. An aging of the accounts in the customer ledger indicates estimated doubt accounts $30,700. c. The allowance account before adjustment has a debit balance of $6,800. Bad debt expense is estimated at 1/2 of 1% of sales. d. The allowance account before adjustment has a debit balance of $6,800. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $56,400. Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions (a through d) listed above. a. $ b. c. $ d. \$

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