BUS-A 201 Introduction to Financial Accounting Accounting Cycle Project 12/08/xx- Purchased Supplies for $800 cash 12/10/xx- Received $3,000 payment on account 12/11/xx- Sold 15 units of Inventory on Account, $4,500 Note: This transaction requires two journal entries. The first entry should deal with the sale, and the second should deal with the inventory 12/11/xx- Made payment on Account, $1,000 12/12/xx- Purchased 20 units of Inventory on Account, $2,400 12/14/xx- Received a bill for Advertising and paid it, $250 12/15/xx- Provided Accounting service for Cash, $8,000 12/16/xx- Paid employees salary for Dec. 1-15 12/17/xx- Provided Accounting Service on Account, $6,000 12/19/xx- Sold 10 units of Inventory on Account, $3,000 Note: This transaction requires two journal entries. The first entry should deal with the sale, and the second should deal with the inventory 12/22/xx- Received $2,500 payment on Account 12/23/xx- Made payment on Account, $2,500 12/24/xx- Received and paid monthly Utility bills, $850 12/27/xx- Received $2,000 cash in advance for accounting services 12/29/xx- Provided Accounting Service for Cash, $5,000 12/30/xx- Issued 1,000 shares of Common Stock at $15 per share 12/31/xx- Declared dividends of $1.50 to outstanding shareholders as of 12/31/xx. Note: Be sure to debit retained earnings and credit dividends payable. 3. Prepare a trial balance to verify that total debits equal total credits. 4. Record the following adjustments in the journal and in the trial balance. DO NOT post the adjusting entries to the ledger. Instead, post them directly as adjustments to the trial balance. 12/31/xx- Employees salary for Dec. 16-31 12/31/xx- Depreciation on Building, use SL method (calculate for entire year) 12/31/xx- Depreciation on Furnishings, use DDB method (calculate for entire year) 12/31/xx- Depreciation on Computer Equipment, use DDB method (calculate for one month) 12/31/xx- Supplies on hand equal $1,625 12/31/xx- Inventory count shows 33 units, some damaged units were disposed of during the month 12/31/xx- $500 of advance payment was earned in December 12/31/xx- Uncollectible Account expense for December 5. Prepare an Adjusted trial balance to verify debits equal credits at the end of the month 6. Prepare the 3 main financial statements for the year ending December 31, 20xx.

My question is what is the uncollectible accounts expense for December as well as inventory/cost of goods sold for the adjusted entry of the units.

Date	Accounts and Explanation	Post Ref.	Debit	Credit
December 2, 2015	Inventory	130	1,300.00		Correct
	Accounts Payable	200		1,300.00	Correct
December 2, 2015	Salary Payable	215	2,500.00		Correct
	Cash	100		2,500.00	Correct
December 2, 2015	Accounts Receivable	110	3,200.00		Correct
	Service Revenue	400		3,200.00	Correct
December 5, 2015	Office Equipment	160	4,800.00		Correct
	Accounts Payable	200		4,800.00	Correct
December 8, 2015	Supplies	120	800.00		Correct
	Cash	100		800.00	Correct
December 10, 2015	Cash	100	3,000.00		Correct
	Accounts Receivable	110		3,000.00	Correct
December 11, 2015	Accounts Receivable	110	4,500.00		Correct
	Sales Revenue	410		4,500.00	Correct
December 11, 2015	Cost of Goods Sold	560	2,000.00		Correct
	Inventory	130		2,000.00	Correct
December 11, 2015	Accounts Payable	200	1,000.00		Correct
	Cash	100		1,000.00	Correct
December 12, 2015	Inventory	130	2,400.00		Correct
	Accounts Payable	200		2,400.00	Correct
December 14, 2015	Advertising Expense	500	250.00		Correct
	Cash	100		250.00	Correct
December 15, 2015	Cash	100	8,000.00		Correct
	Service Revenue	400		8,000.00	Correct
December 16, 2015	Salary Expense	570	2,500.00		Correct
	Cash	100		2,500.00	Correct
December 17, 2015	Accounts Receivable	110	6,000.00		Correct
	Service Revenue	400		6,000.00	Correct
December 19, 2015	Accounts Receivable	110	3,000.00		Correct
	Sales Revenue	410		3,000.00	Correct
December 19, 2015	Cost of Goods Sold	560	1,200.00		Correct
	Inventory	130		1,200.00	Correct
December 22, 2015	Cash	100	2,500.00		Correct
	Accounts Receivable	110		2,500.00	Correct
December 23, 2015	Accounts Payable	200	2,500.00		Correct
	Cash	100		2,500.00	Correct
December 24, 2015	Utilities Expense	550	850.00		Correct
	Cash	100		850.00	Correct
December 27, 2015	Cash	100	2,000.00		Correct
	Unearned Service Revenue	210		2,000.00	Correct
December 29, 2015	Cash	100	5,000.00		Correct
	Service Revenue	400		5,000.00	Correct
December 30, 2015	Cash	100	15,000.00		Correct
	Common Stock, $1 par value	300		1,000.00	Correct
	Additional Paid in Capital	305		14,000.00	Correct
December 31, 2015	Retained Earnings	310	31,500.00		Correct
	Dividends Payable	220		31,500.00	Correct
	The following adjustments SHOULD NOT be posted to the Ledger; instead, they should be posted directly to the Trial Balance
Adj	Salary Expense	570	2,500.00		Correct
	Salary Payable	215		2,500.00	Correct
Adj	Depreciation Expense	510	6,500.00		Correct
	Accumulated Depreciation- Building	151		6,500.00	Correct
Adj	Depreciation Expense	510	12,000.00		Correct
	Accumulated Depreciation- Furnishings	156		12,000.00	Correct
Adj	Depreciation Expense	510	200.00		Correct
	Accumulated Depreciation- Off. Equip.	161		200.00	Correct
Adj	Supplies Expense	530	1,175.00		Correct
	Supplies	120		1,175.00	Correct
Adj	Cost of Goods Sold	560	10,900.00		Incorrect amount
	Inventory	130			Incorrect amount
Adj	Unearned Service Revenue	210	500.00		Correct
	Service Revenue	400		500.00	Correct
Adj	Uncollectible Accounts Expense	540	1,155.00		Incorrect amount
	Allowance for Unc. Accounts	115		900.00	Incorrect amount