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On December 31, 20x1, before adjusting entries, the balances of selected accounts of the Battlefield Equipment Company were as follows Accounts Receivable Allowance for uncollectible

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On December 31, 20x1, before adjusting entries, the balances of selected accounts of the Battlefield Equipment Company were as follows Accounts Receivable Allowance for uncollectible Accounts (debit balance) $915,000 1,5ee dr. The company has determined that historically about 3.5 percent of accounts receivable are never collected and uses this basis to determine its bad debts provision, Required: Compute the estimated amount of uncollectible accounts and prepare the journal entry to record the company's estimated loss from uncollectible accounts on December 31 Complete this question by entering your answers in the tabs below. Uncollect Accounts General Journal Complete this question by entering your answers in the tabs below. Uncollect General Accounts Journal Compute the estimated amount of uncollectible accounts. (Round your "Estimated uncollectible rate" to 3 decimal places, l.e. 1.2% should be entered as 0.012.) Accounts receivable Estimated uncollectible account rate Estimated uncollectible accounts Adjustment amount Uncate Accounts General Journal > Journal entry worksheet

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