Marin Company has been in business several years. At the end of the current year, the unadjusted balances show:

Accounts Receivable

$$328,600$

Sales Revenue

$2,332,000$

Allowance for Doubtful Accounts

$6,042$

Bad debts are estimated to be $7\%$ of receivables. Record adjustment to Allowance for Doubtful Accounts in a tabular summary and

choose the appropriate account for the revenue or expense account.

Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses.

Increases in expenses require a negative sign or parentheses.

Increases to Allowance for Doubtful Accounts require a negative sign or parentheses.

Assets

Allowance For

Accounts Receivable

Beg. Bal.

$

Adj.