At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales $ 908,000 Credit sales 308,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable $ 133,000 debit Allowance for doubtful accounts 5,800 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 3% of credit sales, (2) 1% of total sales and (3) 6% of year-end accounts receivable.

1. Dr Bad debts expense$9,240

C Allowance for Doubtful Accounts $9,240

2.Dr Bad debts expense$12,160

Cr Allowance for Doubtful Accounts $12,160

3.Dr Bad debts expense$13,780

Cr Allowance for Doubtful Accounts $13,780

Explanation:

Preparation of the adjusting entry to record bad debts expense assuming uncollectibles

1. Dr Bad debts expense$9,240

C Allowance for Doubtful Accounts $9,240

(308,000*3%)

2.Dr Bad debts expense$12,160

Cr Allowance for Doubtful Accounts $12,160

[(908,000+308,000)*1%]

3.Dr Bad debts expense$13,780

Cr Allowance for Doubtful Accounts $13,780

[($ 133,000*6%) + 5,800]

b. condominum i think

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.