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On 12/31/22 Kelly Corp. estimates uncollectible accounts to be 10% of accounts receivable. The current balance in accounts receivable is $20,000 and the allowance for

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On 12/31/22 Kelly Corp. estimates uncollectible accounts to be 10% of accounts receivable. The current balance in accounts receivable is $20,000 and the allowance for uncollectible accounts has the following 2022 activity: - 1/1/22 CR balance of $1,500 - Write offs during 2022 of $2,500 1. What adjusting entry will Kelly Corp record on 12/31/22 ? 2. What will Kelly Corp report as net accounts receivable on their 12/31/22 balance sheet

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