A company's year-end unadjusted trial balance reports sales of $290,000, accounts receivable of $100,000, and allowance doubtful accounts with a credit balance of $610. The company estimates uncollectibles to be 1.50% of accounts receivable.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A company's year-end unadjusted trial balance reports sales of $290,000, accounts receivable of $100,000, and allowance for
doubtful accounts with a credit balance of $610. The company estimates uncollectibles to be 1.50% of accounts receivable.
Enter answers in the tabs below.
Required 1 Required 2
Record the entry for the December 31 year-end adjusting entry for uncollectibles.
View transaction list
Journal entry worksheet
1
Record the estimate of uncollectibles.
Note: Enter debits before credits.
Date
December
31
General Journal
Debit
Credit
Record entry
Clear entry
View general journal
Transcribed Image Text:xam A company's year-end unadjusted trial balance reports sales of $290,000, accounts receivable of $100,000, and allowance for doubtful accounts with a credit balance of $610. The company estimates uncollectibles to be 1.50% of accounts receivable. Enter answers in the tabs below. Required 1 Required 2 Record the entry for the December 31 year-end adjusting entry for uncollectibles. View transaction list Journal entry worksheet 1 Record the estimate of uncollectibles. Note: Enter debits before credits. Date December 31 General Journal Debit Credit Record entry Clear entry View general journal
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