Exercise 229 The arvey Sign om any uses he allowance me od n accounting or collectible accounts past e e ence i dicates at 6% o accounts ecer a e ill even a y u colecti ie. Se ecte a ances at December 3 -20 r3, account an ec appear eli 12/31/2016 12/31/2017 Net Credit Sales Accounts Receivable Allowance for Doubtful Accounts 400000 500.000 $500,000 0.000 4,000 100.000 Record the following events in 2017. (Credit account titles aro automatically indented when the amount is entered. Do not indent manually.) Aug. 10 Determined that the account of Kurt West for $900 is uncollectible Sept. 12 Determined that the account of ill Lynch for $3,000 is uncollectible. Oct. 10 Received a check for $300 as payment on account from Kurt West, whose account had previously been written off as uncollectible Prepare the adjusting journal entry to record the bad debt provision for the year ended December 31, 2017. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 What is the balance of Allowance for Doubtful Accounts at December 31, 20171? Balance of allowance for Doubtful Accounts at December 31, 2017