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At December 31, Folgeys Coffee Company reports the following results for its calendar year Cash...

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Accounting

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At December 31, Folgeys Coffee Company reports the following results for its calendar year Cash sales Credit sales $984,80 304,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $129, eee debit 5,488 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 View transaction list View journal entry worksheet Debit Credit No Transaction General Journal A 1 Bad debts expense

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