Question: Need help! 48-Practice Exercise set #2 cet Selected unadjusted account balances at December 31, 2020, are shown below for Demon Serviong Debit $71,000 Account Accounts

Need help!

December 31, 2020, are shown below for Demon Serviong Debit $71,000 Account

Accounts receivable Allowance for doubtful accounts Sales (all on credit) Sales discounts

View transaction st 9,000 Required: a. Demron estimates that 2% of net

credit sales will prove to be uncollectible. Prepare the adjusting entry requared

on December 31 2020, to estimate uncollectible receivables. Journal entry worksheet

48-Practice Exercise set #2 cet Selected unadjusted account balances at December 31, 2020, are shown below for Demon Serviong Debit $71,000 Account Accounts receivable Allowance for doubtful accounts Sales (all on credit) Sales discounts View transaction st 9,000 Required: a. Demron estimates that 2% of net credit sales will prove to be uncollectible. Prepare the adjusting entry requared on December 31 2020, to estimate uncollectible receivables. Journal entry worksheet

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