Providing for Doubtful Accounts

At the end of the current year, the accounts receivable account has a debit balance of 6,125,000 and net sales for the year total $66,800,000..

A. The allowance account before adjustment has a debit balance of 18,000. Bad debt expense is estimated at 3/4 of 1% of net sales.

B. The allowance account before adjustment has a debit balance of 18,000. An aging of the accounts in the customer ledger indicates estimated doubtful accouints of $475,000.

c. The allowance account before adjustment has a credit balance of $10,000. Bad debt expense is estimated at 1/2 of 1% of net sales.

D. The allowance account before adjustment has a credit balance of $ 10,000. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $ 360,000.

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. $ _________________