The trial balance before adjustment of flounder inc. shows the following balances. dr. cr. accounts receivable $102,600 allowance for doubtful accounts 1,995 sales revenue (all on credit) $775,200 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 flounder inc. shows the following balances. dr. cr. accounts...
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