Adjusting entry for doubtful accounts expense

The following information was abstracted from the records of the Hilton Corporation:



Prepare the adjusting entry for doubtful accounts expense under each of the following assumptions:

1. 3 percent of outstanding accounts receivable are uncollectible.
2. 1.5 percent of 2008 net sales are uncollectible.
3. An aging schedule of the accounts shows that $21,400 of the accounts are uncollectible.

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