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Sunland Company's account balances at December 31, 2020 for Accounts Receivable and the Allowance for Doubtful Accounts are $820000 debit and $1430 credit. Sales during

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Sunland Company's account balances at December 31, 2020 for Accounts Receivable and the Allowance for Doubtful Accounts are $820000 debit and $1430 credit. Sales during 2020 were $2661000. It is estimated that 2% of sales will be uncollectible. The adjusting entry would include a credit to the allowance account for $54650. $53220 $51790 $16400

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