Prepare the adjusting entry to estimate bad debts assuming an aging analysis estimates

that 8% of the outstanding accounts receivable will be uncollectible.

31. (5 points) A company had the following items and amounts in its unadjusted trial balance as of December 31 of the current year: DebitCredit Cash sales. Credit sale. Accounts receivable... $188,000 $275,000 $76,000 $1,000 You may omit explanations. Show any work below the journal entry table. Debit Credit Date Account Titles and Explanations