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At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales Credit sales $ 913,eee 313,000 Its year-end unadjusted trial
At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales Credit sales $ 913,eee 313,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $138,000 debit 6,300 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 BC Record Bad Debts Expense assuming uncollectibles are estimated to be 4% of credit sales. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal | to search
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