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If Allowance for Doubtful Accounts has a credit balance of $2,500 in the trial balance, journalize the adjusting entry at December 31. assuming uncollectibles are

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If Allowance for Doubtful Accounts has a credit balance of $2,500 in the trial balance, journalize the adjusting entry at December 31. assuming uncollectibles are expected to be 10% of accounts receivable (Credit occount titles are outomatically indented when amount is entered. Do not indent manually.) The ledger of Windsor Company at the end of the current year shows Accounts Receivable $149,000, Credit Sales $853,000, and Sales Returns and Allowances $23,000. Journalize the following independent situations. (a) Your answer is correct. If Windsor uses the direct write-off method to account for uncollectible accounts, journallze the entry at December 15 , if Windsor determines that L. Dole's $1,500 balance is uncollectible. (Credit account tities ore automaticolly indented when amount is entered. Do not indent manually.) If Allowance for Doubtful Accounts has a debit balance of $310 in the trial balance, journalize the adjusting entry at December 31 assuming uncollectibles are expected to be 8% of accounts receivable (Credit occount titles are automatically indented when amount is entered, Do not indent manually.)

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