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Exercise 7-11 The trial balance before adjustment of Teal Mountain Inc. shows the following balances: Dr. $104,900 Allowance for doubtful accounts Sales revenue (all on
Exercise 7-11 The trial balance before adjustment of Teal Mountain Inc. shows the following balances: Dr. $104,900 Allowance for doubtful accounts Sales revenue (all on credit) Sales returns and allowances 1,970 $660,000 30,200 Give the entry for bad debt expense for the current year assuming the allowance should be 4% of gross accounts receivable. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit LINK TO TEXT
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