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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 11% of recelvables 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. Caiculate the effect on net income (before taxes) and total assets in 2024 for each method. 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. Calculate the effect on net income (before taxes) and total assets in 2024 for each method

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