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7 14 Dints eBook Hint QS 7-9 (Algo) Percent of sales method LO P3 BioWare's year-end unadjusted trial balance shows accounts receivable of $20,000
7 14 Dints eBook Hint QS 7-9 (Algo) Percent of sales method LO P3 BioWare's year-end unadjusted trial balance shows accounts receivable of $20,000 and sales of $310,000. Uncollectibles are estimated to be 2% of sales. Prepare the December 31 year-end adjusting entry for uncollectibles using the percent of sales method. View transaction list Journal entry worksheet < 1 References Record the estimate of uncollectibles. Note: Enter debits before credits Date December 31 General Journal Debit Credit Record entry Clear entry View general journal
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