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QUESTIONS The trial balance before adjustment of Risen Company reports the following balances Cr Dr. $300,000 Accounts receivable Allowance for doubtful accounts Sales (all on

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QUESTIONS The trial balance before adjustment of Risen Company reports the following balances Cr Dr. $300,000 Accounts receivable Allowance for doubtful accounts Sales (all on credit) Sales returns and allowances $5,000 1.700,000 80,000 Instructions Assume that the Allowance for Doubtful Accounts has a debit balance of $4,000 instead of a credit balance. Prepare the journal entry required QUESTIONS The trial balance before adjustment of Risen Company reports the following balances Cr Dr. $300,000 Accounts receivable Allowance for doubtful accounts Sales (all on credit) Sales returns and allowances $5,000 1.700,000 80,000 Instructions Assume that the Allowance for Doubtful Accounts has a debit balance of $4,000 instead of a credit balance. Prepare the journal entry required

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