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d. $0 the following data at the end of its first year: Use the following information for Questions 44 and 45: Your company shows Credit
d. $0 the following data at the end of its first year: Use the following information for Questions 44 and 45: Your company shows Credit sales for the year Accounts Receivable balance Allowance for Doubtful Accounts $1,000,000 100,000 4,000 credit balance 44. If bad debt is estimated as 1% of credit sales, the adjusting entry for bad debt expense includes a debit for... a. $14,000. b. $10,000. c. $6,000 d. $0. 45. If your company estimates that it will not collect 5% of its accounts receiv. able, the year-end adjustment to Allowance For Doubtful Accounts will be a. a credit of $1,000. b. a credit of $5,000. c. a debit of $1,000. d. a debit of $5,000
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