Assume net credit sales on december 20 215 for ABC organisation is br, 400,000,estimated uncllectible-5% Required: record the entry?

To record the estimated uncollectible amount for net credit sales on December 20, 215 for ABC organization, you would make the following entry:

Debit: Bad Debt Expense (5% of $400,000) - $20,000
Credit: Allowance for Doubtful Accounts - $20,000

This entry recognizes the estimated uncollectible amount as an expense (Bad Debt Expense) and reduces the value of accounts receivable (Allowance for Doubtful Accounts) by the same amount.