zar Company's ledger at the end of the current year shows Accounts Receivable $150,000. a) A If Allowance for Doubtful Accounts has a debit balance of $3,000 in the trial balance and bad debts are expected to be 6% of accounts receivable, journalize the adjusting entry for the end of the period: 2 marks b) Danube Company estimates that 1% of net credit sales will become uncollectible. Sales are $500,000, sales returns and allowances are $30,000, and the allowance for doubtful accounts has a $6,000 credit balance, journalize the adjusting entry for the end of the period: (2 marks)