BioWares year-end unadjusted trial balance shows accounts receivable of $37,000 and sales of $480,000. Uncollectibles are estimated
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Question:
BioWare’s year-end unadjusted trial balance shows accounts receivable of $37,000 and sales of $480,000. Uncollectibles are estimated to be 2% of sales.
Prepare the December 31 year-end adjusting entry for uncollectible using the percent of sales method.
Related Book For
Financial Accounting Information For Decisions
ISBN: 9781260705584
10th Edition
Authors: John J. Wild
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