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A company reported the following information on the year end unadjusted trial bla Total Credt Sales for the Year Sales Ratums and Allowanc Accounts
A company reported the following information on the year end unadjusted trial bla Total Credt Sales for the Year Sales Ratums and Allowanc Accounts Receivable Balance Allowance for Doubtha Accounts (Cred 5750.000 25,000 255.000 4.500 The company uses the allowance method to account for bad debts. Please complete the appropriate journal entries IN GOOD FORM for the flowing transactions the number of the transaction: 1; 2: 3) SHOW ALL COMPUTATIONS (After the account name in parentheses or below the aperiam with Debit Accounts (x) or Credit Accounts Debit Accounts Credit Accounts "(x) 1) Estimate the Bad Debts Expense using the percentage of receivables method. Management estimates that 12% of accounts receivable will become uncollectible 2) $3,000 of accounts receivable are written off. 3) $1,200 of the amount previously written-off has been recovered due to the customer paying the amount they Sam
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