Royalty Company shows Accounts Receivable of $165,000. If Allowance for Doubtful Accounts has a beginning credit balance of $4,200 in the trial balance and bad debts are expected to be 10% of accounts receivable, 1. journalize the adjusting entry for the end of the period. 2. What is the balance (amount) in the the Allowance for Doubtful Accounts that will show up on the financial statements After the journal entry? (1 Point)

Royalty Company shows Accounts Receivable of $165,000. If Allowance for Doubtful Accounts has a beginning credit balance of $4,200 in the trial balance and bad debts are expected to be 10% of accounts receivable. 1. joumalize the adjusting entry for the end of the period. 2. What is the balance (amount) in the the Allowance for Doubtful Accounts that will show up on the financial statements After the journal entry? (1 Point)