Business, 24.12.2019 23:31 RKT28

During the current year, giatras electronics recorded credit sales of $740,000. based on prior experience, it estimates a 4.0 percent bad debt rate on credit sales. required: 1. prepare journal entries for each of the following transactions. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.) a. on october 28 of the current year, an account receivable for $2,700 from a prior year was determined to be uncollectible and was written off. b. at year-end, the appropriate bad debt expense adjustment was recorded for the current year.

complete the following table, indicating the amount and effect for each transaction. (indicate decreases with a minus sign.)

table shows : transactions, net sales, gross profit, income from operations.

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During the current year, giatras electronics recorded credit sales of $740,000. based on prior exper...

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