Pool corporation, inc., is the world’s largest wholesale distributor of swimming pool supplies and equipment. pool corp. reported the following information related to bad debt estimates and write-offs for a recent year. allowance for doubtful accounts: balance at beginning of year $ 7,802 bad debt expense 3,378 write-offs (4,510 ) balance at end of year $ 6,670 required: 1. prepare journal entries for the bad debt expense adjustment and total write-offs of bad debts for the current year. 2. pool corp. reduces net sales by the amount of sales returns and allowances, cash discounts, and credit card fees. bad debt expense is recorded as part of selling and administrative expense. assume that gross sales revenue for the month was $140,756, bad debt expense was $216, sales discounts were $1,344, sales returns were $996, and credit card fees were $2,129. what amount would pool corp. report for net sales for the month?

Speedy auto repairs uses a job-order costing system. the company’s direct materials consist of replacement parts installed in customer vehicles, and its direct labor consists of the mechanics’ hourly wages. speedy’s overhead costs include various items, such as the shop manager’s salary, depreciation of equipment, utilities, insurance, and magazine subscriptions and refreshments for the waiting room. the company applies all of its overhead costs to jobs based on direct labor-hours. at the beginning of the year, it made the following estimates: direct labor-hours required to support estimated output 20,000 fixed overhead cost $ 350,000 variable overhead cost per direct labor-hour $ 1.00 required: 1. compute the predetermined overhead rate. 2. during the year, mr. wilkes brought in his vehicle to replace his brakes, spark plugs, and tires. the following information was available with respect to his job: direct materials $ 590 direct labor cost $ 109 direct labor-hours used 6