The adjusted trial balance before adjustment of Swifty Inc. shows the following balances. Accounts Receivable Allowance for Doubtful Accounts Sales Revenue (all on credit) Dr. (a) $75,600 (b) 1,470 No. Account Titles and Explanation Give the entry for estimated bad debts assuming that the allowance is to provide for doubtful accounts on the basis of (a) 4% of gross accounts receivable and (b) 5% of gross accounts receivable and Allowance for Doubtful Accounts has a $1,410 credit balance. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Cr. $571,200 Debit Credit

The adjusted trial balance before adjustment of Switty Inci shows the following batances. Give the entry for estimated bad debts assuming that the allowance is to provide for doubtful accounts on the basis of (a) 4% of gross accounts recelvable and (b) 5% of gross accounts receivable and Allowance for Doubtful Accounts has a $1,410 credit balance, (If no entry is reguired, select "No Entry" for the occount tities and enter O for the omounts. Credit occount tities are automoticolly indented when the amount is entered. Do not indent manually List oll deblt entries before credit entries) The adjusted trial balance before adjustment of Switty Inci shows the following batances. Give the entry for estimated bad debts assuming that the allowance is to provide for doubtful accounts on the basis of (a) 4% of gross accounts recelvable and (b) 5% of gross accounts receivable and Allowance for Doubtful Accounts has a $1,410 credit balance, (If no entry is reguired, select "No Entry" for the occount tities and enter O for the omounts. Credit occount tities are automoticolly indented when the amount is entered. Do not indent manually List oll deblt entries before credit entries)