Bramble Company reports the following financial information before adjustments. Dr. Cr. Accounts Receivable $138,100 Allowance for Doubtful Accounts $2,970 Sales Revenue (all on credit) 845,000 Sales Returns and Allowances 53,310 Prepare the journal entry to record bad debt expense assuming Bramble Company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but Allowance for Doubtful Accounts had a $1,410 debit balance
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