# Required information The following information applies to the questions displayed below) Suzuki Supply reports the following...

###### Question:

Required information The following information applies to the questions displayed below) Suzuki Supply reports the following amounts at the end of 2021 before adjustment) Credit Sales for 2021 Accounts Receivable, December 31, 2021 Allowance for Uncollectible Accounts, December 31, 2021 3240,000 35,000 1,200 (Credit) Required: 1. Record the adjusting entry for uncollectible accounts using the percentage of receivables method Suzuki estimates 11% of receivables will not be collected (f no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction list View journal entry worksheet No General Journal Debit Credit Date December 31, 2021 Bad Deot Expense Allowance for Uncollectible Accounts < Prey 13 14 15 of 17 Next >
Required information The following information applies to the questions displayed below) Suzuki Supply reports the following amounts of the end of 2021 (before adjustment) Credit Sales for 2021 Accounts Receivable, December 31, 2021 Allowance for Uncollectible Accounts, December 31, 2021 $240,000 35,000 1,200 (Credit) 2. Record the adjusting entry for uncollectible accounts using the percentage of credit sales method. Suzuki estimates 3% of credit sales will not be collected. (If no entry is required for a particular transaction/event, select 'No Journal Entry Required in the first account field.) View transaction list View journal entry worksheet No Date General Journal Debit Credit Required information The following information applies to the questions displayed below) Suzuki Supply reports the following amounts at the end of 2021 (before adjustment) Credit Sales For 2021 Accounts Receivable, December 31, 2021 Allowance for Uncollectible Accounts, December 31, 2021$240,000 35,000 1,200 (Create 3. Calculate the effect on net income before taxes) and total assets in 2021 for each method Suzuki estimates 1976 of receivables and 396 of credit sales respectively will not be collected Percentage of Receivables Method Percentage of Credit Sales Method Total assets Net income

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