Question 1

At the end of the year, Mercy Cosmetics balance of Allowance for Uncollectible Accounts is $700 (debit) before adjustment. The balance of Accounts Receivable is $26,000. The company estimates that 10% of accounts will not be collected over the next year.

What is the adjusting entry Mercy Cosmetics would record for Allowance for Uncollectible Accounts? (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

Record the adjusting entry for Allowance for Uncollectible Accounts.

Note: Enter debits before credits.

Transaction	General Journal	Debit	Credit
1

Question 2

At the end of the year, Dahir Incorporateds balance of Allowance for Uncollectible Accounts is $2,200 (credit) before adjustment. The company estimates future uncollectible accounts to be $11,000.

What adjusting entry would Dahir record for Allowance for Uncollectible Accounts? (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

Record the adjusting entry for Allowance for Uncollectible Accounts.

Note: Enter debits before credits.

Transaction	General Journal	Debit	Credit
1

Question 3

At the end of the year, Dahir Incorporateds balance of Allowance for Uncollectible Accounts is $2,500 (debit) before adjustment. The company estimates future uncollectible accounts to be $12,500.

What is the adjusting entry Dahir would record for Allowance for Uncollectible Accounts? (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

Record the adjusting entry for Allowance for Uncollectible Accounts.

Note: Enter debits before credits.

Transaction	General Journal	Debit	Credit
1