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m A trial balance before adjustment included the following: Prepare year-end adjusting journal entries...

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Accounting

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A trial balance before adjustment included the following: Prepare year-end adjusting journal entries assuming that the estimate of uncollectible accounts is determined by taking: (1) 5% of gross accounts receivable, (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List debit entry before credit entry.) (2) 3% of gross accounts receivable (assuming a $780 debit allowance account balance). (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List debit entry before credit entry.)

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