with this info given i have to record the adjustment for uncollectible accounts using the accountants estimate of 9% of accounta receivable

The following information applies to the questions displayed below.) Willie Cheetum is the CEO of Happy Foods, a distributor of produce to grocery store chains throughout the Midwest. A following information, before any adjustment $ Accounts receivable Estimated percentage uncollectible Allowance for uncollectible accounts Operating Income 910,000 96 21,000 Credit 241,000 $ $ Willie's compensation contract states that if the company generates operating income of at least $191,000, he will get Dutor of produce to grocery store chains throughout the Midwest. At the end of the year, the company's accounting manager provides Willie with the $ $ $ 910.000 9% 21.000 (credit 241,000 mpany generates operating income of at least $191,000, he will get a salary bonus early next year! Journal entry worksheet Record the adjustment entry for Uncollectible Accounts Note: Enter debits before credits. Transaction General Journal Debit Credit