iii. i. Now, respond to the following questions for the year 2015 under the assumption that the Allowance for Doubtful Accounts has a $291 debit balance before the adjustment (use a t-account to visualize). Calculate the amount the allowance for doubtful accounts should have after the adjustment. ii. Journalize the adjusting entry for the period. iii. Receivables Determine the difference between the balance before & after the adjustment Journalize the adjusting entry for the period. Follow the directions below assuming the accounts receivable balance is $570,000. a. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 4.5% of total accounts receivable to estimate uncollectibles, instead of the aging of receivables method. b. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $12,000 credit.

Now, respond to the following questions for the year 2015 under the assumption that the Allowance for Doubtful Accounts has a $291 debit balance before the adjustment (use a t-account to visualize). i. Calculate the amount the allowance for doubtful sccounts should have after the adjustment. ii. Determine the difference between the balance before \& after the adjustment iii. Journalize the adjusting entry for the period. Follow the directions below assuming the accounts receivable balance is $570,000. a. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 4.5% of total accounts receivable to estimate uncollectibles, instead of the aging of receivables method. b. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $12,000 credit