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Exercise 7-9 The trial balance before adjustment of Buffalo Inc. shows the following balances. Dr. Cr. Accounts Receivable $96,000 Allowance for Doubtful Accounts 2,170 Sales

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Exercise 7-9 The trial balance before adjustment of Buffalo Inc. shows the following balances. Dr. Cr. Accounts Receivable $96,000 Allowance for Doubtful Accounts 2,170 Sales Revenue (all on credit) $570,700 Give the entry for estimated bad debts assuming that the allowance is to provide for doubtful accounts on the basis of (a) 5% of gross accounts receivable and (b) 6% of gross accounts receivable and Allowance for Doubtful Accounts has a $1,858 credit balance. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show Work

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