The trial balance before adjustment of Reba McIntyre Inc. shows the following balances

The trial balance before adjustment of Reba McIntyre Inc. shows the following balances.

    Dr.   Cr. Accounts Receivable   $96,100     Allowance for Doubtful Accounts   3,340     Sales Revenue (all on credit)       $723,600

Give 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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