On December 31, 2019, certain account balances at Galaxy Company were as follows before year-end adjustments.

Accounts Receivable	$	941,500
Allowance for Uncollectible Accounts (credit)		1,860
Sales		9,205,500
Sales Returns and Allowances		38,650

A further examination of the records showed that the "Sales" included $956,200 of cash sales during the year. Of the sales returns and allowances, $33,300 came from credit sales. Assume that Galaxy Company makes its estimate of uncollectible accounts on December 31 as 3.2 percent of total accounts receivable. Compute the estimated amount of uncollectible accounts and give the general journal entry to record the provision for uncollectible accounts.

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 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