Question: please help ASAP (CH 9) If we use the Allowance method of accounting for bad debts, and it's determined that 2% of the total Accounts

please help ASAP
please help ASAP (CH 9) If we use the Allowance method of

(CH 9) If we use the Allowance method of accounting for bad debts, and it's determined that 2% of the total Accounts Receivable Balance of $126,500 will be uncollectible, make the journal entry needed to adjust the Alowance for Doubtful accounts. The Allowance for Doubtful accounts prior to the adjustment has a credit balance of $525 Debit Allowance for Doubtful Accounts $525, credit Bad Debts Expense $525 Debit Bad Debts Expenso $2,005, credit Allowance for Doubtful Accounts $2,005 Debt Bad Debts Expense $2,530, credit Allowance for Doubtful Accounts $2,530 Debit Allowance for Doubtful Accounts $2,005, credit Bad Debts Expense $2,005

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