wildhorse company has been in business several years. At the end of the current year,the ledger shows the following

Current Attempt in Progress Your answer is partially correct Wildhorse Company has been in business several years. At the end of the current year, the ledger shows the following: Accounts Receivable Sales Revenue Allowance for Doubtful Accounts $325,200 Dr. 2,619,000 Cr. 7.500 Cr. Bad debts are estimated to be 10% of accounts receivables. Prepare the entry to adjust Allowance for Doubtful Accounts. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Bad Debt Expense 25000 Allowance for Doubtful Accounts 25000