Sansa Brothers provided the following information regarding its accounts receivable at the beginning of the current year: E: (Click the icon to view the schedule of accounts receivable.) During the year, the company reported net credit sales of $21,200,000 of which it collected $9,910,000. The company wrote off $56,000 of actual bad debts for the year. Sansa Brothers estimates the allowance for doubtful accounts at 3% of the ending accounts receivable balance. Prepare the journal entry to record the year-end adjusting entry for the bad debt expense. (Record debits first, then credits. Exclude explanations from any journal entries.) Account Year-end Data Table Accounts receivable Allowance for doubtful accounts $ 1,324,000 (316,000) $ 1,008,000 Net realizable value Print Done