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At the end of the current year, the balance of the occounts receivable account for Astro Mofonry w.s $57.000. Cerdit sales for the weor wece

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At the end of the current year, the balance of the occounts receivable account for Astro Mofonry w.s \$57.000. Cerdit sales for the weor wece sb29,009 Determine the amount of the adjusting entries for uncollectible eccounti under each af the folomind asiumbtions. 1. The Alowance for Doubthil Accocnte has a crodit balarice of $840. A. The gercencoge of sales method is used and it is estimated that bad debts expense will be 1.6 th of credit sales. b. The percentage of recemobles method is used and bused an an aralyso of the occounts it is entimated that had debts ail amount eo sl, roc Detsmmine the amaunt of the net receivables under each of the folloming amamptions 1. The Aliowance for Doubsful Accounts hse a credit balance of 1340 . a The percentage of males method is used and it is estimated that bod debts expense will be 1.6 but of ciedit salei. 4. Fhe percentage of receivables method is used and based on an anslysis of the accounte it is estimated that bad debts aill arrount to 13. a. Net Receivabtes 1 16. Pet Peceivables 1 Determine the amount of the adjuiting entries for uncoliectible accounts under each of the foliowing assumbtons. 2. the Algwance for Dochtul Accounts has a detut batance of 5400

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