1. BE.05.22 Percentage of Credit Sales 2. BE.05.25 Roeker Company provides information systems consultation services to large companies in the Chicagoland area. Due to a dip in the economy, Roeker has increased the percentage of credit sales which it believes will be uncollectible from 3.0% to 3.2% for the year. Roeker's consulting services provided revenues of $700,000 in 2023. During 2024, Roeker has write-offs of $750 related to goods purchased in 2023. Prior to the write-off for the $750 default, Roeker's accounts receivable and allowance for doubtful accounts balances were $480,000 and $232 (credit), respectively. 3. BE.05.26 4. BE.05.28 Required: 5. BE.05.29 1. Prepare the journal entry to record the defaulted account. If an amount box does not require an entry, leave it blank. Allowance for Doubtful Accounts 6. BE.05.32 Accounts Receivable 7. BE.05.35 (Record write-off of defaulted account) 8. PR.05.66A.ALGO Feedback Check My Work 1. The percentage of credit sales method attempts to estimate the ending balance in Bad Debt Expense. 2. Prepare the adjusting entry to record the bad debt expense for 2023. If an amount box does not require an entry, leave it blank. Sad Debt Expense le Allowance for Doubtful Accounts (Record adjusting entry for bad debt expense estimate) Check My Work Previous Next Progress: 2/8 items