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Monty, Inc. had net sales in 2017 of $1, 475, 200. At December 31, 2017, before adjusting entries, the balances in selected accounts were Accounts
Monty, Inc. had net sales in 2017 of $1, 475, 200. At December 31, 2017, before adjusting entries, the balances in selected accounts were Accounts Receivable $212, 500 debit, and Allowance for Doubtful Accounts $3, 410 credit. Assume Monty prepares an aging schedule that estimates total uncollectible accounts at $25, 600. Prepare the entry to record bad debt expense. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
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