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Underwood Company's ledger at the end of the current year shows Accounts Receivable of $150,000 If Allowance for Doubtful Accounts has a credit balance of

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Underwood Company's ledger at the end of the current year shows Accounts Receivable of $150,000 If Allowance for Doubtful Accounts has a credit balance of $4,500 in the trial balance and bad debts are expected to be BX 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

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