Bad Debt Expense

Sales (100% on credit) $950,000 Sales Returns and Allowances $21,000 Accounts Receivable (December 31) $114,000 Allowance for Doubtful Accounts (before adjustment at December31; credit balance) $1,000 If bad debts are estimated at 2% of net credit sales, what amount will...

If allowance for doubtful accounts has a credit balance of $2100 in the trial balance, how do I journalize the adjusting entry at December 31, assuming bad debts are expected to be 1% of net sales. Sales are $840,000. And 10% of accounts receivables? A/R is $110,000. Thanks

Sales (100% on credit) $1,560,000 Sales Returns 60,000 Accounts Receivable (December 31, 2001) 250,000 Allowance for Doubtful Accounts (before adjustment at December 31, 2001)...