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providing for doubtful accounts Ch 9-3 Exercises & Problems Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has

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Ch 9-3 Exercises & Problems Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a debit balance of $1,236,000 and sales for the year total $14,010,000. a. The allowance account before adjustment has a credit balance of $16.700. Bad debt expense is estimated at 3/4 of 1% of sales. b. The allowance account before adjustment has a credit balance of $16,700. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $53,400. c. The allowance account before adjustment has a debit balance of $7,500. Bad debt expense is estimated at 1/2 of 1% of sales. d. The allowance account before adjustment has a debit balance of $7,500. An aging of the accounts in the customer ledger indicates estimated doubtfu accounts of $62,300. Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions (a through d) listed above

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