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uiz i Saved At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales Credit sales $ 909,000 309,000 Its
uiz i Saved At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales Credit sales $ 909,000 309,000 Its year-end unadjusted trial balance Includes the following items. Accounts receivable. Allowance for doubtful accounts $134,000 debit 5,900 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 4% of credit sales. (2) 2% of total sales and (3) 7% of year-end accounts receivable. View transaction list Journal entry worksheet
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