eBook Show Me How Video Calculator Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a balance of $984,000 and sales for the year total $11,160,000. Determine the amount of the adjusting entry to provide for doubtful accounts under each of the following independent assumptions: The allowance account before adjustment has a negative balance of $(13,300). Bad debt expense is estimated at 1/2 of 1% of sales. The allowance account before adjustment has a negative balance of $(13,300). An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $42,600 The allowance account before adjustment has a positive balance of $8,200. Bad debt expense is estimated at 1/4 of 1% of sales. The allowance account before adjustment has a positive balance of $8,200. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $68,100