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 $ 445,000 Debit Allowance for Doubtful Accounts 1,350 Debit Net Sales 2,200,000 Credit All sales are made on credit. Based on past experience, the company estimates 2.0% 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?

Debit Bad Debts Expense $44,000; Credit Allowance for Doubtful Accounts $44,000.

Explanation:

Bad debt Expenses = Sales * Uncollectible rate

= $2,200,000*2.0%

= $44,000

Date   Account Titles and Explanation           Debit       Credit

            Bad debt expenses                             $44,000

                 Allowances for doubtful accounts                   $44,000

             (To record bad debt expenses)

answer; (a) calling people who have not shown interest in the product and asking them to buy it;

anyone below or above ambitious can tell you. so crowns mean brainliest. getting brainliest means your answer needs a good explanation and the person asking the question can understand your answer easily. so say there's a multiple choice question. you don't just want to say your answer is a, hope it . provide evidence and reasoning so that they know that that is the correct answer. a good explanation should have evidence, good reasoning, and your opinion on why you picked that. you don't want to look up their question on the internet and see if you can answer it. pick questions that you 100% know the answer to, so than that way you can provide a better explanation.

best of luck,

the divergent