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    hanifayiz Posts: 1, Reputation: 1
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    Nov 24, 2011, 10:45 PM
    How I get the total sales?
    Cash sales $ 1,803,750
    Credit sales 3,534,000

    In addition, its unadjusted trial balance includes the following items.


    Accounts receivable $ 1,070,100 debit
    Allowance for doubtful accounts 15,750 debit
    1.
    Prepare the adjusting entry for this company to recognize bad debts under each of the following independent assumptions.
    b. Bad debts are estimated to be 1% of total sales.
    c. An aging analysis estimates that 5% of year-end accounts receivable are uncollectible.
    Adjusting entries (all dated December 31, 2011).





    c.

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