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MICorrect for the work you have completed so far. It does non Required information [The following information applies to the questions displayed below.) Suzuki Supply

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MICorrect for the work you have completed so far. It does non Required information [The following information applies to the questions displayed below.) Suzuki Supply reports the following amounts at the end of 2021 (before adjustment). Credit Sales for 2021 Accounts Receivable, December 31, 2021 Allowance for Uncollectible Accounts, December 31, 2021 $258,000 53,000 1,200 (Credit) 2. Record the adjusting entry for uncollectible accounts using the percentage of credit-sales method. Suzuki estimates 3% of credit sales will not be collected. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) 3 Answer is complete but not entirely correct. Debit Credit No 6,540 1 Date General Journal December 31, 202 Bad Debt Expense Allowance for Uncollectible Accounts 6 500 7 8

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