how would I put this in a general journal? 950 c QS 8-5 Adjusting...
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how would I put this in a general journal?
950 c QS 8-5 Adjusting entry to estimate bad debts-percentage of sales LO2, 3 Lexton Company uses the allowance method to account for uncollectible accounts receivable. At year-end, October 31, it was estimated that 0.6% of net credit sales were uncollectible based on past experience. Net sales were $690,000, of which 2/3 were on credit. Record the entry at year-end to estimate uncollectible receivables. 288-6 Adjusting entry to estimate bad debts-aging of receivables LO2,3 Dim Sum Foods hango
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