The Aussie Pie company sells Australian meat pies. At January 1, the company had an accounts receivable balance of $500,000 (debit) and an allowance for doubtful accounts balance of $25,000 (credit). During the year, the company had total sales of $2,000,000 (all on credit) and collected $1,900,000 of accounts receivable. Also during the year, the company wrote off $30,000 of bad debts. At year end, the company determined that the allowance for doubtful accounts should have a balance of $34,000 (credit). As part of the year end adjusting journal entry, the company will g