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Give the entry for estimated bad debts

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Question - The trial balance before adjustment of Bramble Inc. shows the following balances.

Accounts Receivable Dr. $96,400

Allowance for Doubtful Accounts Dr. $3,090

Sales Revenue Cr. $612,900

Give the entry for estimated bad debts assuming that the allowance is to provide for doubtful accounts on the basis of

(a) 5% of gross accounts receivable, and

(b) 6% of gross accounts receivable and the Allowance for Doubtful Accounts has a $1,797 Credit Balance before adjustment.

Reference no: EM132591209

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