(Answered) 1 etienne company has been in business several years at the

Accounting

1. Etienne Company has been in business several years. At the end of the current year, the ledger shows:

Accounts Receivable........ .. $ 310,000 Dr.
Sales............... 2,200,000 Cr.
Allowance for Doubtful Accounts.. 6,100 Cr.

Bad debts are estimated to be 7% of receivables. Prepare the entry to adjust the Allowance for Doubtful Accounts.

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