Question
Alvin's Transport has total credit sales for the year of $180,000 and estimates that 3% of its credit sales will be uncollectible. Record the end-of-period
Alvin's Transport has total credit sales for the year of $180,000 and estimates that 3% of its credit sales will be uncollectible. Record the end-of-period adjusting entry on December 31, in general journal form, for the estimated bad debt expense. Assume the following independent conditions existed prior to the adjustment: 
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Accounting Information Systems
Authors: George H Bodnar, William S Hopwood
10th Edition
013609712X, 978-0136097129
