At the end of the current year, the accounts receivable account
has a debit balance of $1,095,000 and sales for the year total
$12,420,000.
The allowance account before adjustment has a debit balance of
$14,800. Bad debt expense is estimated at 3/4 of 1% of sales.
The allowance account before adjustment has a debit balance of
$14,800. An aging of the accounts in the customer ledger indicates
estimated doubtful accounts of $47,400.
The allowance account before adjustment has a credit...