Tubbs Sign Company uses the allowance method in accounting for uncollectible accounts. Past experience indicates that 1% of net credit sales will eventually be uncollectible. Selected account balances at December 31, 2019, and December 31, 2020, appear below:

		12/31/19		12/31/20
Net Credit Sales		$300,000		$400,000
Accounts Receivable		60,000		80,000
Allowance for Doubtful Accounts		4,800		?

Record the following events in 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Aug.	10		Determined that the account of L. Young for $600 is uncollectible.
Sept.	12		Determined that the account of J. E. Ford for $3,400 is uncollectible.
Oct.	10		Received a check for $400 as payment on account from L. Young, whose account had previously been written off as uncollectible. She indicated the remainder of her account would be paid in November.
Nov.	15		Received a check for $200 from L. Young as payment on her account.

Date	Account Titles and Explanation	Debit	Credit
Aug. 10
Sept. 12
Oct. 10
	(To reinstate L. Young account previously written off)
	(To record collection on account)
Nov. 15

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Prepare the adjusting journal entry to record the bad debt provision for the year ended December 31, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Dec. 31

SHOW LIST OF ACCOUNTS

What is the balance of Allowance for Doubtful Accounts at December 31, 2020? Balance of allowance for Doubtful Accounts at December 31, 2020