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Suzuki Supply reports the following amounts at the end of 2024 (before adjustment). Required: 1. Record the adjusting entry for uncollectible accounts using the percentage-of-receivables

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Suzuki Supply reports the following amounts at the end of 2024 (before adjustment). Required: 1. Record the adjusting entry for uncollectible accounts using the percentage-of-receivables method. Suzuki estimates 12% of receivables will not be collected. 2. Record the adjusting entry for uncollectible accounts using the percentage-of-credit-sales method. Suzuki estimates 3% of credit sales will not be collected. 3. Calculate the effect on net income (before taxes) and total assets in 2024 for each method. Complete this question by entering your answers in the tabs below. Record the adjusting entry for uncollectible accounts using the percentage-of-receivables method. Suzuki estimates 12% of receivat will not be collected. (If no entry is required for a particular transoction/event, select "No Journal Entry Required" in the first accoun field.) Journal entry worksheet Record the adjusting entry for uncollectible accounts. Note: Enter debits before credits. Journal entry worksheet Record the adjusting entry for uncollectible accounts. Note: Enter debits before credits. receivables will not be collected. 2. Record the adjusting entry for uncollectible accounts using the percentage-of-credit-sales method. Suzuki estin credit sales will not be collected. 3. Calculate the effect on net income (before taxes) and total assets in 2024 for each method. Complete this question by entering your answers in the tabs below. Calculate the effect on net income (before taxes) and total assets in 2024 for each method

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