Question
The account balances of Carla Vista Company at December 31, 2024, the end of the current year, show Accounts Receivable $162.000: Allowance for Doubtful Accounts
The account balances of Carla Vista Company at December 31, 2024, the end of the current year, show Accounts Receivable $162.000: Allowance for Doubtful Accounts $2.000 (credit): Sales $1. 293,000: Sales Returns and Allowances $60,000; and Sales Discounts $18,000
(a)
Record the adjusting entry at December 31, 2024, assuming uncollectible accounts are estimated to be 10% of accounts receivable. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry* for the account titles and enter O for the amounts, List debit entry before credit entry.)
Debit
Credit
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