The following selected amounts are reported on the year-end unadjusted trial balance report for a company that uses the percent of sales method to determine its bad debts expense. Accounts receivable$441,000Debit Allowance for Doubtful Accounts 1,310Debit Net Sales 2,160,000Credit All sales are made on credit. Based on past experience, the company estimates 1.0% of credit sales to be uncollectible. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense

The Adjusting entry at the end of the current year to record its estimated bad debts expense is:

Journal Entry:

Debit Bad Debts Expense $22,910

Credit Allowance for Doubtful Accounts $22,910

To record the bad debts expense and bring the Allowance for Doubtful Accounts to a credit balance of $21,600.

Explanation:

a) Allowance for Doubtful Accounts

Beginning balance $1,310 Dr.

Ending balance     21,600

Uncollectible Expense = $22,900

b) Uncollectible for the period = 1% of $2,160,000 = $21,600

This should be the ending balance of the Allowance for Doubtful Accounts.

c) The above journal entry will ensure that the balance in the Allowance for Doubtful Accounts is now $21,600 credit.

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

mark brainliest!

if you use only 25 for your entertainment and only 200 for the groceries that you really need and take out the 50 per month for the computer then that should be enough