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At December 31, Folgeys Coffee Company reports the following results for its calendar year Cash sales Credit sales $ 900,000 300,000 Iis year-end unadjusted trial

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At December 31, Folgeys Coffee Company reports the following results for its calendar year Cash sales Credit sales $ 900,000 300,000 Iis year-end unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $125,000 debit 5,000 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (193% of credit sales. (2) 1% of total sales and (3) 6% of year-end accounts receivable. View transaction list Journal entry worksheet

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