Question: c. Record the adjusting entry required on December 31,2024 , to estimate uncollectible recelvables, assuming it is based on 5% of receivables. Journal entry worksheet

estimate uncollectible recelvables, assuming it is based on 5% of receivables. Journal

entry worksheet Record the estimate for uncollectible accounts. Nokar Fntar debits before

credits. Selected unadjusted account balances at December 31, 2023, are shown below

c. Record the adjusting entry required on December 31,2024 , to estimate uncollectible recelvables, assuming it is based on 5% of receivables. Journal entry worksheet Record the estimate for uncollectible accounts. Nokar Fntar debits before credits. Selected unadjusted account balances at December 31, 2023, are shown below for Demron Servicing. Required: a. Assume that Demron estimates uncollectible accounts as 5% of recelvables. Prepare the adjusting entry required on Decembe 2023, to estimate uncollectible receivables. Journal entry worksheet Record the estimate for uncollectible accounts. d. Show how accounts receivable would appear on the December 31,2024 , balance sheet. b. During 2024 , credit sales were $704,000 (cost of sales $461,590 ); sales discounts taken were $19,000; accounts receivable collected were $696,900; and accounts written off during the year totalled $15,600. Prepare the entries to record these transactions. Journal entry worksheet Note: Enter debits before credits

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