Question
BioWares year-end unadjusted trial balance shows accounts receivable of $32,000 and sales of $430,000. Uncollectibles are estimated to be 2% of sales. Prepare the December
BioWares year-end unadjusted trial balance shows accounts receivable of $32,000 and sales of $430,000. Uncollectibles are estimated to be 2% of sales.
Prepare the December 31 year-end adjusting entry for uncollectibles using the percent of sales method.
Journal entry worksheet Record the estimate of uncollectibles. Note: Enter debits before credits Step by Step Solution
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Advanced Management Accounting
Authors: Tom Groot, Frank Selto
1st Edition
0273730185, 978-0273730187
