Question: Prepare the adjusting entry to estimate bad debts assuming an aging analysis estimates that 8% of the outstanding accounts receivable will be uncollectible. 31. (5

Prepare the adjusting entry to estimate bad debts assuming an aging

Prepare the adjusting entry to estimate bad debts assuming an aging analysis estimates

that 8% of the outstanding accounts receivable will be uncollectible.

analysis estimates that 8% of the outstanding accounts receivable will be uncollectible.

31. (5 points) A company had the following items and amounts in its unadjusted trial balance as of December 31 of the current year: DebitCredit Cash sales. Credit sale. Accounts receivable... $188,000 $275,000 $76,000 $1,000 You may omit explanations. Show any work below the journal entry table. Debit Credit Date Account Titles and Explanations

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