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Oriole Company has a $128000 balance in Accounts Receivable and a $368 debit balance in Allowance for Doubtful Accounts at year end just prior to

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Oriole Company has a $128000 balance in Accounts Receivable and a $368 debit balance in Allowance for Doubtful Accounts at year end just prior to recording adjusting entries. Credit sales for the period totaled $844800. How much is the amount of the bad debt adjusting entry if Oriole estimates that 1.5% of its receivables will be uncollectible? $1920 $12672 $1552 $2288

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