Business, 27.11.2019 05:31, emmadownum

The trial balance before adjustment of taylor swift inc. shows the following balances.

drcr
accounts receivable90,000
allowance for doubtful accounts1,750
sales revenue (all on credit)$680,000

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 $1,700 credit balance.

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The trial balance before adjustment of taylor swift inc. shows the following balances.

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