(Learning Objective 4: Reporting bad debts by the allowance method) At December 31, White’s Travel has an accounts receivable balance of €92,000. Allowance for Doubtful Accounts has a credit balance of €820 before the year-end adjustment. White’s Travel estimates that doubtful-account expense for the year is equal to 8% of ending receivables. Make the December 31 entry to record doubtful-account expense. Show how the Accounts Receivable and the Allowance for Doubtful Accounts are reported on the balance sheet.