Question: 1 2 3 5 6 Question 5 (3 points) Saved Traditional Corporation has been in business for 5 years. The unadjusted trial balance at the

 1 2 3 5 6 Question 5 (3 points) Saved Traditional

1 2 3 5 6 Question 5 (3 points) Saved Traditional Corporation has been in business for 5 years. The unadjusted trial balance at the end of the current year shows the following datac Accounts receivable $100,000 debit: Sales revenue: $400,000 credit: Allowance for doubtful accounts: $10,000 debit. Bad debts are estimated to be 3% of receivables. Which of the below would be the correct entry to adjust Allowance for Doubtful Accounts? 7 B

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