Question: Question 3: Solve the separato questions (5 marks) (a) The following accounts were abstracted from Start Co.'s unadjusted trial balance at December 31, 2015: Debit

Question 3: Solve the separato questions (5 marks) (a) The following accounts were abstracted from Start Co.'s unadjusted trial balance at December 31, 2015: Debit Credit Accounts receivable 750,000 Allowance for uncollectible accounts 8,000 Net credit sales $3,000,000 Starr estimates that 2% of the gross accounts receivable will become uncollectible. After adjustment at December 31, 2015, what should be the credit balance of the allowance for uncollectible accounts? (b) A trial balance before adjustment included the following: Debit Credit Accounts receivable 80,000 Allowance for doubtful accounts 730 Sales 340,000 Sales returns and allowances 8,000 ive journal entries assuming that the estimate of uncollectible amount (Bad debt expenses) is termined by taking 1% of net sales
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