2. Allowance for doubtful accounts on1/1/10 was $75000. The balance in the allow

2. Allowance for doubtful accounts on1/1/10 was $75000. The balance in the allowance account on12/31/10 after making the annual adjusting entry was $60000 andduring 2010 bad debts written off amounted to $30000. Youare to provide the missing adjusting entry. (Points: 12)