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Sheridan company's account balances at December 31 for accounts receivable and Allowance for doubtful accounts were 218000 and 47000 (cr) respectively. An aging of accounts

Sheridan company's account balances at December 31 for accounts receivable and Allowance for doubtful accounts were 218000 and 47000 (cr) respectively. An aging of accounts receivable indicated $177000 are expected to be uncollectible. The amount of the adjusting entry for bad debts as December 31? 224,000 130,000 or 218,000

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