Over the course of a year the price of TVs has fallen from $800 to $700 and the number of TVs sold has increased by 6000. In terms of supply and demand, we can conclude that:

On december 31 of the current year, the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following: accounts receivable, debit balance of $97,900; allowance for doubtful accounts, credit balance of $1,031. what amount should be debited to bad debts expense, assuming 6% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible?