Question
BioWares year-end unadjusted trial balance shows accounts receivable of $32,000, allowance for doubtful accounts of $480 (credit), and sales of $430,000. Uncollectibles are estimated to
BioWares year-end unadjusted trial balance shows accounts receivable of $32,000, allowance for doubtful accounts of $480 (credit), 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.
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The Audit Process Principles Practice And Cases
Authors: Iain Gray, Stuart Manson,
4th ISA Edition
1844806782, 9781844806782
