At December 31, Folgeys Coffee Company reports the following results for its calendar year. $ 917,000 317,000 Cash sales Credit sales Its year-end unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts 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.

At December 31, Folgeys Coffee Company reports the following results for its calendar year. Its year-end unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts 142,000debit6,700debit 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. Journal entry worksheet Record Bad Debts Expense assuming uncollectibles are estimated to be 4% of credit sales. Note: Enter debits before credits