(Answered) A trial balance before adjustment included the

Accounting

A trial balance before adjustment included the following:

Debit	Credit
Accounts receivable	$133,000
Allowance for doubtful accounts	1,080
Sales	$471,000
Sales returns and allowances	5,200

Give journal entries assuming that the estimate of uncollectibles is determined by taking

(1) 4% of gross accounts receivable(Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

(2) 3% of gross accounts receivable and assume a $1,080 debit allowance account balance. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

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