Sage Hill Company has been in business several years. At the end of the current year,...

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Sage Hill Company has been in business several years. At the end of the current year, the unadjusted balances show: Accounts Receivable Sales Revenue Allowance for Doubtful Accounts $272,800 1,936,000 5,016 Bad debts are estimated to be 7% of receivables. Record adjustment to Allowance for Doubtful Accounts in a tabular summary. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Beg. Bal. $ Adj. Assets Liabilities + Allowance For Accounts Receivable Doubtful Accounts = + Common Stock $ $ Sage Hill Company has been in business several years. At the end of the current year, the unadjusted balances show: Accounts Receivable Sales Revenue Allowance for Doubtful Accounts $272,800 1,936,000 5,016 Bad debts are estimated to be 7% of receivables. Record adjustment to Allowance for Doubtful Accounts in a tabular summary. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) + Common Stock $ $ Revenue Stockholders' Equity Retained Earnings Expense $ Sage Hill Company has been in business several years. At the end of the current year, the unadjusted balances show: Accounts Receivable Sales Revenue Allowance for Doubtful Accounts $272,800 1,936,000 5,016 Bad debts are estimated to be 7% of receivables. Record adjustment to Allowance for Doubtful Accounts in a tabular summary. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Beg. Bal. $ Adj. Assets Liabilities + Allowance For Accounts Receivable Doubtful Accounts = + Common Stock $ $ Sage Hill Company has been in business several years. At the end of the current year, the unadjusted balances show: Accounts Receivable Sales Revenue Allowance for Doubtful Accounts $272,800 1,936,000 5,016 Bad debts are estimated to be 7% of receivables. Record adjustment to Allowance for Doubtful Accounts in a tabular summary. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) + Common Stock $ $ Revenue Stockholders' Equity Retained Earnings Expense $