E7-9B (Computing Bad Debts and Preparing Journal Entries) The trial balance befo

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    E7-9B (Computing Bad Debts and Preparing Journal Entries) The trial balance before adjustment of Santillan Inc. shows the following balances. Debits CreditsAccounts Receivable $180000Allowance for Doubtful Accounts 3500Sales (all on credit) $1000000InstructionsGive 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) 1% of net sales.

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