Question: Assume the same facts as in qs except that darius

Assume the same facts as in QS, except that Darius estimates uncollectibles as 0.5% of sales. Prepare the December 31 year-end adjusting entry for uncollectibles.
In QS, Darius Company’s year-end unadjusted trial balance shows accounts receivable of $95,000, allowance for doubtful accounts of $550 (credit), and sales of $350,000. Uncollectibles are estimated to be 1.5% of accounts receivable.

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