a During the year X Sampson Company had net credit sales of $ Past experience shows that percent of the firm's
net credit sales result in uncollectible accounts.
b Equipment purchased by Park Consultancy for $ on January X has an estimated useful life of years and an
estimated salvage value of $ What adjustment for depreciation should be recorded on the firm's worksheet for the year
ended December X
c On December X Giant Plumbing Supply owed wages of $ to its factory employees, who are paid weekly.
d On December X Giant Plumbing Supply owed the employer's social security percent and Medicare percent taxes
on the entire $ of accrued wages for its factory employees.
e On December X Giant Plumbing Supply owed federal percent and state percent unemployment taxes on the entire
$ of accrued wages for its factory employees.
For each of the above independent situations, prepare the adjusting entries that must be made on the December X worksheet.
Round your answers to decimal places.
Journal entry worksheet
Record an adjusting entry for uncollectible accounts.
Note: Enter debits before credits.
