on december 3 before adjusting entries, accounts receivable for aitken company had a debit balance of $600,000, and the allowance for doubtful accounts had a credit balance of $18,000. credit sales for the year were $4,800,000. if credit losses are estimated at 1% of credit sales: question 17 options: the balance of the allowance for doubtful accounts will be $66,000 after adjustment. the balance of the allowance for doubtful accounts will be $48,000 after adjustment. bad debts expense for the year will be $66,000. the balance of the allowance for doubtful accounts will be $30,000 after adjustment.