4 During the current year, Witz Electric, Inc., recorded credit sales of $1,300,000. Based on prior experience, it estimates a 1 percent bad debt rate on credit sales. 10 point 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.) Skipped a. On September 29 of the current year, an account receivable for $4,000 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. Book View transaction list Print Journal entry worksheet References Record the Interest revenue Sales discount Sales returns and allowances Note: Enter det Sales revenue Selling expense Transaction Debit Credit a. Record entry Clear entry View general journal 4 During the current year, Witz Electric, Inc., recorded credit sales of $1,300,000. Based on prior experience, it estimates a 1 percent bad debt rate on credit sales. 10 points 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.) Skipped a. On September 29 of the current year, an account receivable for $4,000 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. eBook View transaction list Print Journal entry worksheet References