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Business, 01.11.2019 02:31 dre2544

During year 1, kylie department store had total sales of $3,000,000, of which 60%were on credit. during the year, $1,000,000 cash was collected on credit sales. thebeginning balance in accounts receivable (on january 1 of year 1) was $165,000.the beginning balance in the allowance for bad debts (on january 1 of year 1) was$20,000. the amount of accounts written off as uncollectible during the year was$27,000.8. management uses the percentage of sales method and estimates that 4% ofcredit sales will ultimately be uncollectible. which one of the following isincluded in the journal entry necessary at the end of the year to record baddebt expense for the year? a. debit to bad debt expense for $72,000.b. debit to allowance for bad debts for $72,000.c. debit to accounts receivable for $72,000.d. credit to bad debt expense for $72,000.e. credit to cash for $72,000.f. credit to accounts receivable for $72,000.

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During year 1, kylie department store had total sales of $3,000,000, of which 60%were on credit. dur...

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