Question: Accounts Receivable $ 8 8 , 2 0 0 Allowance for Doubtful Accounts 1 , 7 1 5 Sales Revenue ( all on credit )

Accounts Receivable
$88,200
Allowance for Doubtful Accounts
1,715
Sales Revenue (all on credit)
$666,400
Give the entry for estimated bad debts assuming that the allowance is to provide for doubtful accounts on the basis of (a)4% of gross accounts receivable and (b)5% of gross accounts receivable and Allowance for Doubtful Accounts has a $1,585 credit balance. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)
No. Account Titles and Explanation
Debit
Credit
(a)
Bad Debt Expense
Allowance for Doubtful Accounts
(b)
Bad Debt Expense
 Accounts Receivable $88,200 Allowance for Doubtful Accounts 1,715 Sales Revenue (all

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