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Question 6 Brule Co has been in business five years. The ledger at the end of the current year shows: Accounts Receivable Sales Revenue Allowance

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Question 6 Brule Co has been in business five years. The ledger at the end of the current year shows: Accounts Receivable Sales Revenue Allowance for Doubtful Accounts JD 22,000 Dr. JD 116,000 Cr. JD 4,000 DE Bad debts are estimated to be 6% of receivables. The debit side of entry to adjust Allowance for Doubtful Accounts is: Allowance for Doubtful Accounts 1,320 Allowance for Doubtful Accounts 5,320 Bad Debt Expense 1,320 Bad Debt Expense 5,320

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