Answer:
$14,100
Explanation:
The computation of the amount record estimated uncollectible accounts are shown below:
= Credit sales × estimated percentage
= $235,000 × 6%
= $14,100
We simply multiply the credit sales with the estimated percentage so that the accurate amount can come
The journal entry is shown below:
Bad debt expense A/c Dr $14,100
To Allowance for doubtful debts $14,100
(Being the adjusting entry is recorded)
