The trial balance before adjustment of Reba McIntyre Inc. shows the following balances.
|Allowance for Doubtful Accounts||1,970|
|Sales Revenue (all on credit)||$722,600|
Give the entry for estimated bad debts assuming that the allowance is to provide for doubtful accounts on the basis of (a) 4% of gross accounts receivable and (b) 2% of net sales. (If no entry is required, select “No Entry” for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
|No.||Account Titles and Explanation||Debit||Credit|