firework sales of for the month total 195000. sales include 65000 for cash and 130000 on account. make journal entry.

Record the adjustment needed for the allowance for uncollectible accounts at 12/31. at the end of January, 3000$ of accounts receivable are past due, and the company expects that 50% of these accounts will not be collected. of the remaining accounts receivable, the company estimates that 2% will not be collected. no accounts were written off as uncollectible in january. make journal entry