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At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales Credit sales $ 907,000 307,000 Its year-end unadjusted trial
At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales Credit sales $ 907,000 307,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $132.000 debit 5,700 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. View transaction list Journal entry worksheet A B c Record Bad Debts Expense assuming uncollectibles are estimated to be of credit sales. Note: Enter debits before credits Transaction tageneral Journal Debit Credit Record entry Clear entry View general journal At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales Credit sales $ 907,000 397,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $132,000 debit 5,700 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. Nierw transaction list Journal entry worksheet ka WAN B 10 Record Bad Debts Expense assuming uncollectibles are estimated to be 40 of total sales. Note Ender de bits before credits Transaction General Nournal Debit) Credit 2 Record entry Clear enery View general joumai At December 31, Folgeys Coffee Company reports the following results for its calendar year Cash sales Credit sales $ 907,000 307,000 Its year-end unadjusted trial balance includes the following items Accounts receivable Allowance for doubtful accounts $132,000 debit 5,700 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 6% of credit sales, (274% of total sales and (B) 9% of year-end accounts receivable. View transaction list Journal entry worksheet
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