Question: Comprehensive Problem 3 Part 41 Note: You must complete parts 1, 2, and 3 before completing part 4 of this comprehensive problem. Based on the
Comprehensive Problem 3 Part 41 Note: You must complete parts 1, 2, and 3 before completing part 4 of this comprehensive problem. Based on the following selected data, journalize the adjusting entries as of December 31 of the current year: For a compound transaction, if an amount box does not require an entry, leave it blank. If no entry is required, select "No entry required from the dropdown and leave the amount boxes blank. a. Estimated uncollectible accounts at December 31, $16,000, based on an aging of accounts receivable. The balance of Allowance for Doubtful Accounts at December 31 was $2,000 (debit) Description Debit Credit b. The physical inventory on December 31 indicated an inventory shrinkage of $3,300. Description Debit Credit
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