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Question: The trial balance before adjustment of Reba McIntyre Inc. shows the following balances.

	Dr.	Cr.
Accounts Receivable	$93,600
Allowance for Doubtful Accounts	2,380
Sales Revenue (all on credit)		$689,800

Give the entry for estimated bad debts assuming that the allowance is to provide for doubtful accounts on the basis of

(a) 5% of gross accounts receivable and

(b) 2% of net sales

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92572051

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