X X upcoming year. What is the balance in the Allowance for Doubtful Accounts ledger after the adjusting entry is recorded? $ _ 53090 The allowance account before adjustment has a credit balance of $1,800. Bad debt expense for the upcoming year is estimated to be 2% of net sales, which are $313,000. What is the balance in the Allowance for Doubtful Accounts ledger after the adjusting entry is recorded? 44 60 $13 141 800 Part 3 - Journal Entries. Questions 20 through 30 are journal entries for a merchandising business. Enter the accounts and amounts for each transaction. Spell out all account names; do not abbreviate. Leave the Date column blank if no date is provided. You may use the financial statements provided to remind you of the available account names 20. A company purchased a machine for $190,900 on January 1. It has an estimated residual value of $2,900 and an estimated useful life of 47,000 hours. The machine was used 7,400 hours the first year. The company uses the units of production method of depreciation. Journalize the adjusting entry for depreciation for the first year on December 31. Date Account Debit Credit 12131 Depreciation expense accumulated deprecation 29 600 29600 1740 0 21. You sold a truck that cost $44,300 with accumulated depreciation of $37,200 for $6,500. Date Account loss on sole Debit Credit laser truck 600 accumulated depreciation ( 4500 Truck 37200 4 4300