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Kingbird Discount Wholesale Company has a $140000 balance in Accounts Receivable and a $300 debit balance in Allowance for Doubtful Accounts at year-end just prior

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Kingbird Discount Wholesale Company has a $140000 balance in Accounts Receivable and a $300 debit balance in Allowance for Doubtful Accounts at year-end just prior to recording adjusting entries. Credit sales for the period totaled $900000. How much is the amount of the bad debt adjusting entry if Kingbird estimates that 1.0% of its receivables will be uncollectible? $1100 $1700 $9000 $1400

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