Chandler Inc. sells $3,500 of goods to Tribbiani Company during January. In April, Chandler determines that it

Question:

Chandler Inc. sells $3,500 of goods to Tribbiani Company during January. In April, Chandler determines that it will be unable to collect the receivable from Tribbiani.
Required
Prepare the journal entries to record the sale and the bad debt expense if Chandler uses the direct write-off method. Ignore any effect on cost of goods sold or inventory