Question: View Policies Current Attempt in Progress Lewis Computer Store has credit sales of $503,000 in 2021 and a debit balance of $900 in the Allowance
View Policies Current Attempt in Progress Lewis Computer Store has credit sales of $503,000 in 2021 and a debit balance of $900 in the Allowance for Doubtful Accounts at year end. As of December 31, 2021. $139,000 of accounts receivable remain uncollected. The credit manager of Lewis prepared an aging schedule of accounts receivable and estimates that $7,100 will prove to be uncollectible. On March 4, 2022 the credit manager authorizes a write-off of the $1,000 balance owed by A. Myers. (a) Prepare the adjusting entry to record the estimated uncollectible accounts expense in 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Save forlater Attempts: 0 of 1 used Submit
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