Question points
At yearend, December Dylex Corporation showed unadjusted balances of : $ in Accounts Receivable; $ credit in Allowance for Doubtful Accounts; and $ in Sales. Dylex
Corporation prepared an aging analysis on December that estimated total uncollectible accounts to be $
Unadjusted balances at December were : $ in Accounts Receivable; $ debit in Allowance for Doubtful Accounts; and $ in Sales. Uncollectible accounts are estimated to
be of outstanding accounts receivable.
At December the General Ledger showed unadjusted balances of : $ in Accounts Receivable; $ debit in Allowance for Doubtful Accounts; and $ in Sales. Uncollectible
accounts are estimated to be of sales.
Use this information to prepare the and yearend adjusting entries to estimate uncollectible accounts. Enter an appropriate description when entering the transactions in the journal.
Dates must be entered in the format ddmmm ie January would be
Taccounts have been provided for your calculations, but will not be marked.
