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Accounting Assignment | College Homework Help

Check my work During the current year, Witz Electric, Inc., recorded credit sales of $750,000. Based on prior experience, it estimates a 2 percent bad debt rate on credit sales. Required: College Homework HelpPrepare journal entries for each transaction: (If no entry is required for a transaction/event, select “No journal entry required” in the first account field.) a. On September 29 of the current year, an account receivable for $2,000 from March of the current year was determined to be! uncollectible and was written off.
b. The appropriate bad debrexpense adjustment was recorded for the current year. View transaction list Journal entry worksheet Record the entry to write-off the uncollectible account. Note: Enter debits before credits. Debit Credit General Journal Transaction < Prey 7 of 12 Next > MacBook Help Save & View transaction list Ch Journal entry worksheet Record the entry to write-off the uncollectible account. Note: Enter debits before credits.
Transaction General Journal Debit Credit Clear entry View general journal Record entry < Next > Prey 7 of 12 Save & View transaction list Journal entry worksheet Record the entry for bad debt expense. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general Journal < Prey. 7 of 12 ! Next > Get Accounting Homework Help Today

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