A.UNCOLLECTIBLE ACCOUNTS - PERCENTAGE OF RECEIVABLES METHOD:

After aging its accounts receivable, Ebony Company estimated that $5,565 of it will not

Be collected.Record the end-of-year adjusting entry in general journal form, to enter

The estimate for bad debt expense.Assuming the following independent conditions

Existed prior to the adjustment:

1.Allowance for Bad Debts has a credit balance of $800.

Description Post Ref Debit Credit

1.

2.

2.Allowance for Bad Debts has a debit balance of $455.

Description Post Ref Debit Credit

1.

2.