The Jackson Company recently purchased a vehicle; it had a list price of $30,000 but the company negotiated an actual price to $28,000 and then paid taxes of $840 and additional fees of $350. When Jackson records the purchase what amount should it put for equipment

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.