Credit Sales for $2021$

Accounts Receivable, December $31,2021$

Allowance for Uncollectible Accounts, December $31,2021$

$$250,000,$

$45,000,$

$1,000(Credit)$

Required:

Record the adjusting entry for uncollectible accounts using the percentage$-$of$-$receivables method. Suzuki estimates $10\%$ of receivables will not be collected. $($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

Journal entry worksheet

$1$

Record the adjusting entry for Uncollectible Accounts.

Note: Enter debits before credits.

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