Providing for doubtful accounts
At the end of the current year, the accounts receivable account has a debit balance of $1,996,000 and sales for the year total $27,950,000. Determine the amount of the adjusting entry to provide for doubtful accounts under each of the following assumptions:
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a | 139750 | =27950000*1/2*1% |
b | 42770 | =29170+13600 |
c | 209625 | =27950000*3/4*1% |
d | 45300 | =51500-6200 |
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