During the current year, witz electric, inc., recorded credit sales of $740,000. 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 september 29 of the current year, an account receivable for $3,300 from march of the current year was determined to be uncollectible and was written off. b. 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.