At the completion of the current fiscal year ending December 31, the balance of Accounts Receivable for Yang's Gift Shop was $29,725. Credit sales for the year were $358,000.

Allowance for Doubtful Accounts has a credit balance of $335

The percentage of receivables method is used and an analysis of the accounts produces an estimate of $7,040 in uncollectible accounts. If an amount box does not require an entry, leave it blank.

b. The percentage of receivables method is used and an analysis of the accounts produces an estimate of $7,040 in uncollectible accounts. entry, leave it blank. Page: DATE ACCOUNT TITLE DOC. POST. NO. REF. DEBIT CREDIT 1 20-Dec. 31 Bad Debt Expense 7,375 X 1 2 Allowance for Doubtful Accounts 7,375 X 2 3 3 Feedback Check My Work Accounts receivable, December 31, 20-- 29,725 Less allowance for doubtful accounts 7,375 X Net realizable value 22,350 X