(Answered) Problemthe company had the following items and amounts in

Accounting

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The company had the following items and amounts in its unadjusted trial balance as of december 31, of the current year:

credit- cash sales 188,000

credit- credit sales 270,000

debit-accounts receivable 76,000

credit-allowance for doubtful accounts 1,000

Prepare the adjusting entry to estimate bad debts assuming an aging analysis estimates that 8% of the outstanding accounts receivable will be uncollectible. you must show how you calculated the numbers that are part of your journal entry to receive credit. hint the number should be between 5,000 and 5,200.

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