Providing for doubtful accounts At the end of the current year, the counts recevait account has a debit balance of $1,439,000 and sales for the year total $20,140,000. Determine the amount of the djusting entry to provide for doubtful accounts under cach of the following assumptions The allowance account before adjustment has debit balance of 59,800, sed ette is estimated at 1/2 of 1% of sales The lowance account before adjustment has a debit balance of 59,800. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $21,020 The allowance account before adjustment has a credit balance of $5,700, Bad debt expense is estimated at 1/4 of 1% of sales The allowance account before adjustment has a credit tance of $5,700. An aging of the accounts in the customer ledper indicates estimated doubtful accounts of 347,300 This information has been collected in the Microsoft Excel Online e Open the spreadshtet, perform the required analysis, and input your answers in the questions below Open spreadsheet Round your answers to the nearest dollar c5 d: 5 Debit balance of the allowance account before adjustment Bad debt expense is estimated at $9,800 1/2 Amount of 1% of sales Formula Amount of the adjusting entry Debit balance of the allowance account before adjustment Estimated allowance for doubtful accounts $9,800 $21,020 Amount Formula Amount of the adjusting entry Credit balance of the allowance account before adjustment Bad debt expense is estimated at $5,700 1/4 Amount of 1% of sales Formula Amount of the adjusting entry d. Credit balance of the allowance account before adjustment Estimated allowance for doubtful accounts $5,700 $47,300 Amount Formula Amount of the adjusting entry