Exercise 7-16 (Algo) Estimating bad debts LO P3 At December Folgeys Coffee Company reports the following results for its colondy Credit sales 902.00 120.00 Its year-end dusted balance includes the following them Accounts receivable Allow for accounts 1177.60 GB Prepare the actjusting entry to record bad debts expense assuming uncollectibles are estimated to be (05% of credits total sales and 28 of year-end accounts receivable View transaction dat Journal entry worksheet Recorda Dispense assuming uncollectibles are estimated to be 5% of Credits Transaction General Dahir Credit Prev of 10 Next > 5 6 2 W E R T S F G H Z X CV B NM CHIT cmd option Allowance for doubtful accounts 5,200 debit Prepare the adjusting entry to record bod debts expense assuming uncollectibles are estimated to be (1) total sales and (3) 8% of year-end accounts receivable. View transaction list Journal entry worksheet B A Record Bad Debts Expense assuming uncollectibles are estimated to be 5% of credit sales Note: Enter debits before credits General Journal Debit Credit Transaction 1 Record entry Clear entry View general journal Prey 1 of 10 Next > & 3 4 5 6 7 8. 9 WER YU View transaction list Journal entry worksheet Record Bed Debts Expense assuming uncollectibles are estimated to be 3% of total sales. Note: Enter debts before credits General Journal Debit Credit Transaction 2 Record entry Clear entry View general journal Prev 1 of 10 :: Next > 2 3 5 6 & 7 8 W E R T U pen View transactions Journal entry worksheet 3 4 5 7 8 W E R. T SDFGHJ . B NM