Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a balance of $1,251,000 and sales for the year total $14,180,000. Determine the amount of the adjusting entry to provide for doubtful accounts under each of the following independent assumptions: The allowance account before adjustment has a negative balance of $(16,900). Bad debt expense is estimated at 1/4 of 1% of sales. $ The allowance account before adjustment has a negative balance of $(16,900). An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $54,100. $ The allowance account before adjustment has a positive balance of $7,500. Bad debt expense is estimated at 1/2 of 1% of sales. $ The allowance account before adjustment has a positive balance of $7,500. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $62,300. $