3 Cost/Retail percentage 4 The ending inventory at Retail 5 The ending inventory at Cost Problem #4 The following information relates to Jennifer's Gemelli, Inc. for the month ended December 31, 2020: Dec. 1st balance in "Allowance for Doubtful Accounts" Write-offs for the month Reinstatements for the month Credit Sales for the month Estimated % credit sales deemed uncollectible Estimated amount of accounts deemed uncollectible, calculated using an aging of Dec. 31st accounts receivable Dec. 31st balance in "Accounts Receivable" $165,000 $15,000 $1,000 1,800,000 0.75% $ $ 163,000 $2,100,000 6 The NEDITENGALA.ie BELIHJALINA D C E F B A 52 36 Questions 33 through + Assume the company uses the "% of credit sales method" to account for bad debts: The account CREDITED for the December 31, 2020 adjusting entry is 33 34 The amount of the December 31, 2020 adjusting entry is 35 The balance in the "allowance for doubtful accounts" after adjustment is 36 The expected realizable value at December 31, 2020 is