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D Shasta, Inc.'s unadjusted trial balance shows the following balances: Accounts Receivable $220,000; Allowance for Doubtful Accounts $(12,000) Sales $980,000 (of which $720,000 were
D Shasta, Inc.'s unadjusted trial balance shows the following balances: Accounts Receivable $220,000; Allowance for Doubtful Accounts $(12,000) Sales $980,000 (of which $720,000 were Credit Sales) D Question 1 0.5 pts What is the amount of the adjusting entry to estimate the bad debt expense assuming that 3% of the credit sales are estimated to be uncollectible? Bad Debt Expense: 21600 D Question 2 0.5 pts What is the new credit balance in the Allowance for Doubtful Accounts after the adjusting entry is posted? Allowance for Doubtful Accounts balance:
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