During 2015, Vandolay reported $400,000 in sales. The company's allowance for doubtful accounts unadjusted credit balance of $9,000 at December 31, 2015.Based on prior experience, management estimates that 2.8% of sales will result in bad debts. Prepare the adjusting journal entry. During 2015, Vandolay reported $400,000 in sales The company's allowance for doubtful accounts has an unadjusted credit balance of $9,000 at December 31, 2015. Vandolay Industries accountants prepared the following Aging of Accounts Receivable: Vandolay accountants believe that receivables 0.30 days old have a 5% change of non collection. Receivables 30-60 days old have a 15% change of non collection. Receivables 60-90 days old have a 25% change of non collection. receivables over 90 days old have a 50% change of non collection. Prepare the adjusting journal entry (5points)