On December 31, 2019, before adjusting entries, the balances of selected accounts of the Battlefield Equipment Company were as follows:

Accounts Receivable	$	465,000
Allowance for uncollectible accounts (debit balance)		1,500	dr.

The company has determined that historically about 3.4 percent of accounts receivable are never collected and uses this basis to determine its bad debts provision. Compute the estimated amount of uncollectible accounts and prepare the journal entry to record the companys estimated loss from uncollectible accounts on December 31.

Complete this question by entering your answers in the tabs below.

• Uncollect Accounts
• General Journal

Compute the estimated amount of uncollectible accounts. (Round your ''Estimated uncollectible rate'' to 3 decimal places, i.e. 1.2% should be entered as 0.012.)

Accounts receivable
Estimated uncollectible account rate
Estimated uncollectible accounts	$0
Adjustment amount

Journal entry worksheet

• Prepare the journal entry to record the provision for uncollectible accounts.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Dec 31, 2019