Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a balance of $1,236,000 and sales for the year total $14,010,000. 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 $(16,700). Bad debt expense is estimated at 3/4 of 1% of sales. $ The allowance account before adjustment has a negative balance of $(16,700). An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $53,400. $ The allowance account before adjustment has a positive balance of $8,500. Bad debt expense is estimated at 1/2 of 1% of sales. $ The allowance account before adjustment has a positive balance of $8,500. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $70,600. $