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The following information apply to the questions to displayed below. Suzuki supply reports the following amounts at the end of 2021 before adjustment. Record the

The following information apply to the questions to displayed below.
Suzuki supply reports the following amounts at the end of 2021 before adjustment. Record the adjusting entry for uncollectible accounts using the percentage of receivables method. Suzuki estimates 12% of receivables will not be collected. image text in transcribed
Credit Sales for 2021 Accounts Receivable, December 31, 2021 Allowance for Uncollectible Accounts, December 31, 2021 $251,000 46,000 1,100 (Credit)

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