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Instructions Uncollectible Accounts --Percentage of Sales Ryan's Express has total credit sales for the year of $178,000 and estimates that 3% of its credit sales

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Instructions Uncollectible Accounts --Percentage of Sales Ryan's Express has total credit sales for the year of $178,000 and estimates that 3% of its credit sales will be uncollectible. Record the end of period adjusting entry on December 31, in general journal form, for the estimated bad debt expense. Assume the following independent conditions existed prior to the adjustment: 1. Allowance for Doubtful Accounts has a credit balance of $925. If an amount box does not require an entry, leave it blank. 2. Allowance for Doubtful Accounts has a debit balance of $385. If an amount box does not require an entry, leave it blank. ecord the end-of-period adjusting entry on December 31, in general journal form, for the estimated bad debt expense. Assume the ndependent conditions existed prior to the adjustment: . Allowance for Doubtful Accounts has a credit balance of $925. If an amount box does not require an entry, leave it blank. Page: DOC. POST. ACCOUNT TITLE DEBIT DATE CREDIT NO. REF. 1 20-Dec. 31 Bad Debt Expense Allowance for Doubtful Accounts Record the end-of-period adjusting entry on December 31, in general journal form, for the estimated bad debt expense. Assume the independent conditions existed prior to the adjustment: 2. Allowance for Doubtful Accounts has a debit balance of $385. If an amount box does not require an entry, leave it blank. Page: ACCOUNT TITLE DOC. POSTER NO. REF. DATE 1 20-- Dec. 31

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