Maturity value

History indicates that 7 % of a company's net sales are uncollectible. The balance of accounts receivables is $ 139059. The company sales are $ 901471 and sales returns and allowances are 20694. If Allowance for Doubtful Accounts has a $ 4661 credit balance, the adjustment, rounding to the nearest one dollar, to record the estimate for bad debts for the period will require a credit to the Allowance of Doubtful Accounts of $