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The trial balance before adjustment of Marin Inc shows the following balances: Dr. Cr. Accounts receivable $104,000 Allowance for doubtful accounts 1.995 Sales revenue Call

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The trial balance before adjustment of Marin Inc shows the following balances: Dr. Cr. Accounts receivable $104,000 Allowance for doubtful accounts 1.995 Sales revenue Call on credit) 5652,000 Sales returns and allowances 28.400 Give the entry for bad debt expense for the current year assuming the allowance should be 4% of gross accounts receivable Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Give the entry for bad debt expense for the current year assuming historical records show that, based on accounts receivable aging the following percentages will not be collected Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts: Percentage Estimated to Be Uncollectible Balance $35,500 15 46,500 596 0-30 days outstanding 31-60 days outstanding 61-90 days outstanding Over 90 days outstanding 13,100 12% 8.900 18% Debit Credit Account Titles and Explanation Give the entry for bad debt expense for the current year assuming allowance for doubtful accounts is $1.995 but it is a credit balance and the allowance should be 4% of gross accounts receivable (credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts Debit Credit Account Titles and Explanation e Textbook and Media List of Accounts Give the entry for bad debt expense for the current year assuming allowance for doubtful accounts is $1.995 but it is a credit balance and historical records show that the following percentages will not be collected: (Creditoccount titles are automatically indented when amount is entered. Do not indent manually. If no entry as required, select "No Entry for the account titles and enter for the amounts Percentage Estimated to Be Oncollectible Balance $35.500 196 0-30 days outstanding 31-60 days outstanding 61-90 days outstanding 46.500 596 13,100 1296 Over 90 days outstanding 8.900 18% Debit Account Titles and Explanation Credit

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