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Providing for doubtful accounts At the end of the current year, the accounts receivable...

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Accounting

Providing for doubtful accounts
At the end of the current year, the accounts receivable account has a debit balance of $807,000 and sales for the year total $9,150,000.
a. The allowance account before adjustment has a debit balance of $10,900. Bad debt expense is estimated at 14 of 1% of sales.
c. The allowance account before adjustment has a credit balance of $8,000. Bad debt expense is estimated at 12 of 1% of sales.
Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions (a through d) listed above.
a. $
b. $45,800
c. $
d. $58,400
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