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Sheffield Corp.'s account balances at December 31, 2020 for Accounts Receivable and the Allowance for Doubtful Accounts are $780000 debit and $1610 credit. Sales during

Sheffield Corp.'s account balances at December 31, 2020 for Accounts Receivable and the Allowance for Doubtful Accounts are $780000 debit and $1610 credit. Sales during 2020 were $2842000. It is estimated that 1% of sales will be uncollectible. The adjusting entry would include a credit to the allowance account for

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