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At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales Credit sales $ 915,000 315,000 Its 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 $ 915,000 315,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $140.000 debit 6,500 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 6% of credit sales. (2) 4% of total sales and (3) 9% of year-end accounts receivable. Journal entry worksheet Record Bad Debts Expense assuming uncollectibles are estimated to be 6% of credit sales. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet Record Bad Debts Expense assuming uncollectibles are estimated to be 4% of total sales. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet

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