Required:

c$.$ Instead of $($a$),$ assume that Aaron estimates bad debts to be $5\%$ of outstanding accounts receivable. Prepare the adjusting entry at October $31,2023.$

Journal entry worksheet

$1$

Record the estimate for uncollectible accounts.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[Oct31,2023$