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Question 2 Al Bakara company report the following results for its calendar year December 31,2021. Cash salos Crodil salos Account receivablo Account payablo Allowancos
Question 2 Al Bakara company report the following results for its calendar year December 31,2021. Cash salos Crodil salos Account receivablo Account payablo Allowancos for doubtful accounts 200,000 180,000 22,000 (dobil) 46,000 (crodil) 2,000 (dobil) The company ostimales bad dobls to bo 2% of annual total salo. Required: 1- Prepare the adjusting entry to record the estimated bad debt. Answor in the following format [Noto: This is just an oxamplo and is not rolated to the quoslion) Jan 1 Dr. Cash.. 120 Cr. Ownor capital .........120 how Accounts Receivable and the Allowance for Doubtful Accounts appear on Al Bakara cor
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