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Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a debit balance of $681,000 and sales for the

Providing for Doubtful Accounts

At the end of the current year, the accounts receivable account has a debit balance of $681,000 and sales for the year total $7,720,000.

The allowance account before adjustment has a credit balance of $9,200. Bad debt expense is estimated at 1/4 of 1% of sales.

The allowance account before adjustment has a credit balance of $9,200. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $29,400.

The allowance account before adjustment has a debit balance of $8,900. Bad debt expense is estimated at 3/4 of 1% of sales.

The allowance account before adjustment has a debit balance of $8,900. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $73,900.

Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions (a through d) listed above.

a. $
b. $
c. $
d. $

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