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Accounting
Required information Skip to question [The following information applies to the questions displayed below.] Suzuki Supply reports the following amounts at the end of 2021 (before adjustment). Credit Sales for 2021 $ 250,000 Accounts Receivable, December 31, 2021 45,000 Allowance for Uncollectible Accounts, December 31, 2021 1,000 (Credit) Required: 1. Record the adjusting entry for uncollectible accounts using the percentage-of-receivables method. Suzuki estimates 10% of receivables will not be collected. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
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