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E5-19 and E5-20 because they are linked please E5-19 Suzuki Supply reports the following amounts at the end of 2015 (before adjustment). Compare the percenta

E5-19 and E5-20 because they are linked please
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E5-19 Suzuki Supply reports the following amounts at the end of 2015 (before adjustment). Compare the percenta and the percentage-of credit-sales method (LO5-9) Required: 1. Record the adjustment for uncollectible accounts using the percentage-of- receivables method. SuzukJ estimates 12% of receivables will not be collected. 2. Record the adjustment for uncollectible accounts using the percentage-of-creditsales method. Suzuki estimates 3% of credit sales will not be collected. 3. Calculate the effect on net income (before taxes) and total assets in 2015 for each method. 250 CHAPTER 5 Receivables and Sales Compare the percentage- E5-20 Refer to the information in E5-19, but now assume that the balance of the of-receivables method Allowance for Uncollectible Accounts on December 31, 2015, is $1,100 (debit) (before and the percentage-of- adjustment). credit-sales method ( LOS-9) 1. Record the adjustment for uncollectible accounts using the percentage-ofreceivables method. Suzuki estimates 12% of receivables will not be collected. 2. Record the adjustment for uncollectible accounts using the percentage-of-creditsales method. Suzuki estimates 3% of credit sales will not be collected. 3. Calculate the effect on net income (before taxes) and total assets in 2015 for each method

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