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Required information Skip to question [The following information applies to the questions displayed below.] Suzuki Supply reports the following amounts at the end of 2021

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[The following information applies to the questions displayed below.]

Suzuki Supply reports the following amounts at the end of 2021 (before adjustment).

Credit Sales for 2021 $ 246,000
Accounts Receivable, December 31, 2021 41,000
Allowance for Uncollectible Accounts, December 31, 2021 1,200 (Credit)

Required:

1. Record the adjusting entry for uncollectible accounts using the percentage-of-receivables method. Suzuki estimates 11% of receivables will not be collected. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

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