Question: Some of my work is marked wrong. Will you please help me correct the wrong answers? Providing for doubtful accounts: Providing for Doubtful Accounts At

Some of my work is marked wrong. Will you please help me correct the wrong answers?
Providing for doubtful accounts:  Some of my work is marked wrong. Will you please help

Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a debit balance of $762,000 and sales for the year total $8,640,000. a. The allowance account before adjustment has a credit balance of $10,300. Bad debt expense is estimated at 1/2 of 1% of sales. b. The allowance account before adjustment has a credit balance of $10,300. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $33,000. c. The allowance account before adjustment has a debit balance of $6,500. Bad debt expense is estimated at 1/4 of 1% of sales. d. The allowance account before adjustment has a debit balance of $6,500. An aging of the accounts in the customer ledger Indicates estimated doubtful accounts of $54,000. Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions (a through d) listed above. a. 43,200 b. $ 43,300 X C21,600 d. 47,500 X

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