$11$

At December $31,$ Folgeys Coffee Company reports the following results for its calendar year.

$5$

points

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References

$$914,000$

$314,000$

Its year$-$end unadjusted trial balance includes the following items.

Accounts receivable

Allowance for doubtful accounts

$$139,000$ debit

$6,400$ debit

Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be $(1)5\%$ of credit sales, $(2)3\%$ of total sales and $(3)8\%$ of year$-$end accounts receivable.

Journal entry worksheet

$1$

$2$

$3$