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Business, 23.10.2019 19:50 weridness80

During the current year, sun electronics, incorporated, recorded credit sales of $770,000. based on prior experience, it estimates a 2 percent bad debt rate on credit sales. required: prepare 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 november 13 of the current year, an account receivable for $340 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.
record the entry to write-off the uncollectible account.

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