The T accounts displayed show the current financial situation for Sunshine Cleaners. 1. Analyze each numbered transaction in the T accounts. In Column 2, enter the titles of accounts affected for the debit and credit entries. 2. For each account, enter the classification of the account in Column 3. (Asset, Liability, Owner’s Equity, Revenue, Expense) 3. For each transaction, select a brief statement in Column 4 describing the transaction. Information for Transaction 1 is given as an example.

Record the journal entry for the provision for uncollectible accounts under each of the following independent assumptions: a. the allowance for doubtful accounts before adjustment has a credit balance of $500. b. the allowance for doubtful accounts before adjustment has a debit balance of $250. c. assume that octoberʼs credit sales were $70,000. uncollectible accounts expense is estimated at 2% of sales. smith, gaylord n.. excel applications for accounting principles (p. 51). cengage textbook. kindle edition.