Wilton Inc. had net sales in 2012 of $1373000. At December31 2012 before adjusti

Wilton Inc. had net sales in 2012 of $1373000. At December31 2012 before adjusting entries the balances in selectedaccounts were: Accounts Receivable $254700 debit and Allowancefor Doubtful Accounts $2537 credit. Wilton estimates that 2% ofits net sales will prove to be uncollectible.