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Waterway Company's account balances at December 31 for Accounts Receivable and Allowance for Doubtful Accounts were $2250000 and $52000 (Cr.), respectively. An aging of accounts
Waterway Company's account balances at December 31 for Accounts Receivable and Allowance for Doubtful Accounts were $2250000 and $52000 (Cr.), respectively. An aging of accounts receivable indicated that $195000 are expected to become uncollectible. The amount of the adjusting entry for bad debts at December 31 is
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