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Teal Mountain Discount Wholesale Company has a $140500 balance in Accounts Receivable and a $480 debit balance in Allowance for Doubtful Accounts at year-end just

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Teal Mountain Discount Wholesale Company has a $140500 balance in Accounts Receivable and a \$480 debit balance in Allowance for Doubtful Accounts at year-end just prior to recording adjusting entries. Credit sales for the period totaled $1045000. How much is the amount of the bad debt adjusting entry if Teal Mountain estimates that 2.0% of its receivables will be uncollectible? $2810$3290$2330$20900

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