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QUESTION 5 The trial balance before adjustment of Risen Company reports the following balances: CH Dr $300,000 Accounts receivable Allowance for doubtful accounts Sales (all on credit) Sales returns and allowances $ 5,000 1.700,000 80,000 Instructions Assume that the Allowance for Doubtful Accounts has a debit balance of $4.000 Instead of a credit balance. Prepare the journal entry required QUESTION 5 The trial balance before adjustment of Risen Company reports the following balances: CE Dr $300,000 Accounts receivable Allowance for doubtful accounts Sales (all on credit) Sales returns and allowances $ 5.000 1,700,000 80,000 Instructions Assume that the Allowance for Doubtful Accounts has a debit balance of $4.000 instead of a credit balance. Prepare the journal entry required QUESTION 5 The trial balance before adjustment of Risen Company reports the following balances: CH Dr $300,000 Accounts receivable Allowance for doubtful accounts Sales (all on credit) Sales returns and allowances $ 5,000 1.700,000 80,000 Instructions Assume that the Allowance for Doubtful Accounts has a debit balance of $4.000 Instead of a credit balance. Prepare the journal entry required QUESTION 5 The trial balance before adjustment of Risen Company reports the following balances: CE Dr $300,000 Accounts receivable Allowance for doubtful accounts Sales (all on credit) Sales returns and allowances $ 5.000 1,700,000 80,000 Instructions Assume that the Allowance for Doubtful Accounts has a debit balance of $4.000 instead of a credit balance. Prepare the journal entry required