d) Your Co. had sales of $30000, an ending A/R balance of $4500, and a dr. balance of $22.5 in the allowance account. Record the adjusting entry if 7% of A/R are uncollectible. Date Debit Credit Dec General Journal Account/Explanation PR 31 Bad Debt Expense Allowance for Doubtful Accounts (Accrue bad debts - 7% A/R) What entry is required if B Co. goes bankrupt next year owing Your Co. $67.5? General Journal Date Account/Explanation PR Debit Credit May 6 Allowance for Doubtful Accounts Accounts Receivable (Write off account) 7-9