Business, 04.01.2021 01:40 lucylubugg

At the end of the current year, the accounts receivable account of Malik's Lanscaping Service has a debit balance of $390,000. Credit sales are $2,730,000. Record the end-of-period adjusting entry on December 31, in general journal form, for the estimated uncollectible accounts. Assume the following independent conditions existed prior to the adjustment: Allowance for Doubtful Accounts has a credit balance of $1,770.
The percentage of sales method is used and bad debt expense is estimated to be 1% of credit sales. If an amount box does not require an entry, leave it blank.

Date Account title Doc No. Post REF Debit Credit
1. 20-Dec.31
2.
3.

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At the end of the current year, the accounts receivable account of Malik's Lanscaping Service has a...

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