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Do It! Review 9-2 Gonzalez Company has been in business several years. At the end of the current year, the ledger shows the following Accounts
Do It! Review 9-2 Gonzalez Company has been in business several years. At the end of the current year, the ledger shows the following Accounts Receivable $ 306,400 Dr. Sales Revenue Allowance for Doubtful Accounts 2,806,800 Cr. 6,500 Cr Bad debts are estimated to be 7% of accounts receivables. Prepare the entry to adjust Allowance for Doubtful Accounts. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit
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