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

Check my work At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales Credit sales $ 905,000 305,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $130,000 debit 5,500 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 4% of credit sales, (2) 2% of total sales and (3) 7% of year-end accounts receivable. View transaction list Journal entry worksheet Record Bad Debts Expense assuming uncollectibles are estimated to be 4% of credit sales. Note: Enter debts before credits Transaction General Journal Debit Credit At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales Credit sales $ 905,000 305.000 Its year-end unadjusted trial balance includes the following items. 5 Accounts receivable Allowance for doubtful accounts $130,000 debit 5 ,500 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 4% of credit sales. (2) 2% of total sales and (3) 7% of year-end accounts receivable. View transaction list Journal entry worksheet Record Bad Debts Expense acuming uncollectibles are estimated to be 2% of total sales. Note: E debits before credits Transaction General Journal Debit Credit Check my work At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales Credit sales $ 905,000 305,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $130,000 debit 5,500 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 4% of credit sales, (2) 2% of total sales and (3) 7% of year-end accounts receivable. View transaction list Journal entry worksheet A B C Record Bad Debts Expense assuming uncolle receivable. 7% of year-end account Note: Enter debit before credits Transaction General Journal Debit Credit