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Cash Sales. $188,000 credit Credit Sales. $275,000 credit Acct Receivable $76,000 debit Allowance for doubtful accounts $1,000 credit what is the adjusting entry to estimate

Cash Sales. $188,000 credit

Credit Sales. $275,000 credit

Acct Receivable $76,000 debit

Allowance for doubtful accounts $1,000 credit

what is the adjusting entry to estimate bad debts assuming an aging analysis estimates that 8% of the outstanding accounts receivable will be uncollectible.

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