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Problem 8-7A Uncollectible accounts LO2, 3 Aaron Servicing showed the following partial unadjusted results at October 31, 2020, its year-end: Debit Credit $1,610,000 Account Sales
Problem 8-7A Uncollectible accounts LO2, 3 Aaron Servicing showed the following partial unadjusted results at October 31, 2020, its year-end: Debit Credit $1,610,000 Account Sales Accounts receivable Allowance for doubtful accounts $145,000 3,000 5 Part 1 Required: a. Assuming Aaron estimates bad debts to be 1.5% of sales, prepare the adjusting entry at October 31, 207 View transaction list Journal entry worksheet > Record the estimate for uncollectible accounts. Note: Enter debits before credits Date General Journal Debit Credit Oct 31, 2020 Record entsy Clear entry View general journal d. Show how accounts receivable would be shown on the October 31, 2020, balance sheet using your calculations in (c). Partial Balance Sheet Assets Current assets
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