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What is the adjusting entry at December

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Question - The account balances of Sandhill Company at December 31, 2021, the end of the current year, show Accounts Receivable $208,800; Allowance for Doubtful Accounts $2,600 (credit); Sales $1,649,200; Sales Returns and Allowances $60,000; and Sales Discounts $23,200. What is the adjusting entry at December 31, 2021, assuming bad debts are estimated to be (1) 10% of accounts receivable, and (2) 1.5% of net sales.

Reference no: EM132516694

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