Check my work View previous 5 QS 4-19B Recording estimates of future discounts LO P6 points ProBuilder has the following June 30 fiscal-year-end unadjusted balances: Allowance for Sales Discounts. $0 and Accounts Receivable, $10,300. Of the $10,300 of receivables, $2,156 are within a 2% discount period, meaning that it expects buyers to take $43 in future discounts arising from this period's sales. a. Prepare the June 30 fiscal year-end adjusting journal entry for future sales discounts. Book Print View transaction list View journal entry worksheet References Debat Credit No Date 60 1 June 30 General Journal Sales discounts Allowance for sale discounts 0 5 points b. Assume the same facts above and that there is a $6 fiscal year-end unadjusted credit balance in the Allowance for Sales Discounts Prepare the June 30 fiscal-year-end adjusting journal entry for future sales discounts. Book View transaction list P References Journal entry worksheet Record the expected sales discounts Credit Note: Enter debts before credits 45 Date Aune 30 General Journal Sales discounts Allowance for sale discount Next >