-10 Question 26 View Policies Current Attempt in Progress Atrial balance before adjustment included the following: Debit Credit Accounts receivable $177,000 Allowance for doubtful accounts $540 Sales 442,000 Sales returns and allowances 5,700 Prepare journal entries assuming that the estimate of uncollectible is determined by taking (1) 8% of gross accounts receivable (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit (2) 2% of gross accounts receivable (assuming a $540 debit allowance account balance). (Credit account titles are automatically Indented when the amount is entered. Do not indent manually Account Titles and Explanation Debit Credit Save for Later Attempts: 0 of 1 used Submit Answer Assignment sent to Gradebook. Your grade is being recorded. on .. DIAM Prev Next >