Ruth Company has been in business several years. At the end of the current year, the unadjusted

Question:

Ruth Company has been in business several years. At the end of the current year, the unadjusted trial balance shows:
Accounts Receivable.......... $ 310,000 Dr.
Sales Revenue.............. 2,200,000 Cr.
Allowance for Doubtful Accounts..... 5,700 Cr.
Bad debts are estimated to be 7% of receivables. Prepare the entry to adjust Allowance for Doubtful Accounts