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Uncollectible Accounts-Percentage of Receivables Tammie's Toyota Sales and Service estimates the amount of uncollectible accounts using the percentage of receivables method. Based on aging the

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Uncollectible Accounts-Percentage of Receivables Tammie's Toyota Sales and Service estimates the amount of uncollectible accounts using the percentage of receivables method. Based on aging the accounts, it is estimated that $5,150 will not be collected. Record the end-of-period adjusting entry on December 31 , in general journal form, for the estimated uncollectible accounts. Assume the following independent conditions existed prior to the adjustment: 1. Allowance for Doubtful Accounts has a credit balance of $690. If an amount box does not require an entry, leave it blank. 2. Allowance for Doubtful Accounts has a debit balance of $275. If an amount box does not require an entry, leave it blank. Tammie's Toyota Sales and Service estimates the amount of uncollectible accounts using the percentage of recelvables method. Based on aging the accounts, it is estimated that $5,150 will not be collected. Record the end-of-period adjusting antry on December 31 , in general fournal form, for the estimated uncollectible accounts. Assume the following independent conditions existed prior to the adjustment: 1. Allowance for Doubtful Accounts has a credit balance of $690. If an amount box does not require an entry, leave it blank. Tammie's Toyota Sales and Service estimates the amount of uncollectible accounts using the percentage of receivables method. Based on aging the accounts, it is estimated that $5,150 will not be collected. Record the end-of-period adjusting entry on December 31 , in general Journal form, for the ef timated uncollectible accounts. Assume the following independent conditions existed orior to the adj istment: 2. Allowance for Doubtful Accounts has a debit balance of $275. If an amount box does not require an entry, leave it blank

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