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Page 1 of 1 Page 1 of 1 Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a

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Page 1 of 1 Page 1 of 1 Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a debit balance of $1,162,000 and sales for the year total $13,170,000. a. The allowance account before adjustment has a credit balance of $15,700. Bad debt expense is estimated at 3/4 of 1% of sales. b. The allowance account before adjustment has a credit balance of $15,700. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $50,200. c. The allowance account before adjustment has a debit balance of $9,200. Bad debt expense is estimated at l/4 of 1% of sales. d. The allowance account before adjustment has a debit balance of $9,200. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $76,400. Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions (a through d) listed above. a. C. d

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