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1. Prepare joumal entries for each of the following transactions. (If no entry is required for a transaction/event, select No journal entry required in the
1. Prepare joumal entries for each of the following transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) o journal entry required" in the first a. On October 28 of the current year, an account receivable for $3,400 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, View transaction list Journal entry worksheet At year-end, the appropriate bad debt expense adjustment was recorded for the current year. Note: Enter debits before credits. Transaction General Journal Debit Credit b. Record entry Clear entry View general journal 2. Complete the following table, indicating the amount and effect for each transaction. (Indicate decreases with a minus sign.) Income from action Net Sales GrosfiOperations Transaction Net Sales Gross Profit a. b
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