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Record the adjustment to allowance for doubtful accounts

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Question - Bramble Corp. had net sales in 2020 of $1.9 million. At December 31, 2020, before adjusting entries, the balances in selected accounts were as follows: Accounts Receivable $249,700 debit; Allowance for Doubtful Accounts $3,100 debit. Assume Bramble has examined the aging of the accounts receivable and has determined the Allowance for Doubtful Accounts should have a balance of $34,300, prepare the December 31, 2020 journal entry to record the adjustment to Allowance for Doubtful Accounts.

Reference no: EM132425700

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