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The trial balance before adjustment of XYZ Company reports the following balances: (2.5 points) Dr...

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The trial balance before adjustment of XYZ Company reports the following balances: (2.5 points) Dr Cr Accounts receivable S100,000 Allowance for doubtful accounts Sales (all on credit) Sales returns and allowances 40,000 S 2,500 750,000 Instructions Pass the journal entries for estimated bad debts assuming that doubtful debts accounts are estimated to be (1 ) 6% of gross accounts receivable and (2) 190 ofnet sales

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