The ledger of the Cheyenne Corp. at the end of the current year shows Accounts Receivable of $228,000.

(b) If Allowance for Doubtful Accounts has a debit balance of $4,700 in the trial balance and bad debts are expected to be 8% of accounts receivable, journalize the adjusting entry for the end of the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit