General journal pages are provided in the Working Papers. Your instructor will guide you through the following independent examples.

1. Lynum, Inc., had net sales of \($245,321.09\) during the current year. It estimates that the amount of uncollectible accounts expense is equal to 0.5% of net sales. Journalize the adjusting entry for uncollectible accounts expense on December 31 of the current year.

2. The aging of accounts receivable for Kersten, Inc., as of December 31 of the current year and estimated percentages of uncollectible accounts by age group are presented in the Working Papers. Calculate the estimated balance of Allowance for Uncollectible Accounts. Then journalize the adjusting entry for uncollectible accounts expense.

The balance of Allowance for Uncollectible Accounts on December 31 before adjusting entries are recorded is a \($63.24\) credit.