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Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a debit balance of ( $ 755,000 ) and
Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a debit balance of \\( \\$ 755,000 \\) and sales for the year total \\( \\$ 8,560,000 \\). a. The allowance account before adjustment has a credit balance of \\( \\$ 10,200 \\). Bad debt expense is estimated at \\( 1 / 2 \\) of \1 of sales. b. The allowance account before adjustment has a credit balance of \\( \\$ 10,200 \\). An aging of the accounts in the customer ledger indicates estimated doubtful accounts of \\( \\$ 32,600 \\). c. The allowance account before adjustment has a debit balance of \\( \\$ 6,300 \\). Bad debt expense is estimated at \\( 1 / 4 \\) of \1 of sales. d. The allowance account before adjustment has a debit balance of \\( \\$ 6,300 \\). An aging of the accounts in the customer ledger indicates estimated doubtful accounts of \\( \\$ 52,300 \\). 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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