All sales are made on credit. Based on past experience, the company estimates 0.3% of net 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

Missing word "A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's unadjusted trial balance reported the following selected amounts: Accounts receivable $350,000 debit, Allowance for uncollectible accounts 650debit, Net Sales 795,000 credit"

Net credit sales = $795,000

Bad debt expense = 0.3% * Net credit sales

Bad debt expense = $795,000 * 0.3%

Bad debt expense = $2,385

                                            Adjusting entry

Date   General Journal                                              Debit      Credit

           Bad debt expense                                         $2,385

                   Allowance for uncollectible accounts                 $2,385

           (To record bad debt expense)

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are: