A company reported the following information related to bad debt estimates and write-offs for a recent year. Allowance for doubtful accounts: Balance at beginning of year Bad debt expense Write-offs Balance at end of year $ 8,602 3,858 (4,910) $ 7,550 Required: 1. Prepare journal entries for the bad debt expense adjustment and total write-offs of bad debts for the current year. 2. Assume that gross sales revenue for the month was $144,756, bad debt expense was $296, sales discounts were $1,584, sales returns were $1,156, and credit card fees were $2,449. What amount would the company report for net sales for the month? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare journal entries for the bad debt expense adjustment and total write-offs of bad debts for the current year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 Record entry for estimated bad debts. Note: Enter debits before credits. > A company reported the following information related to bad debt estimates and write-offs for a recent year. Allowance for doubtful accounts: Balance at beginning of year Bad debt expense Write-offs Balance at end of year $ 8,602 3,858 (4,910) $ 7,550 Required: 1. Prepare journal entries for the bad debt expense adjustment and total write-offs of bad debts for the current year. 2. Assume that gross sales revenue for the month was $144,756, bad debt expense was $296, sales discounts were $1,584, sales returns were $1,156, and credit card fees were $2,449. What amount would the company report for net sales for the month? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assume that gross sales revenue for the month was $144,756, bad debt expense was $296, sales discounts were $1,584, sales returns were $1,156, and credit card fees were $2,449. What amount would the company report for net sales for the month? Net sales < Required 1 Required 2 > During the months of January and February, a company sold goods to three customers. The sequence of events was as follows: Jan. 6 Sold goods for $1,500 to M. Carolan and billed that amount subject to terms 3/10, n/30. 6 Sold goods to J.Speiran for $500 and billed that amount subject to terms 3/10, n/30. 14 Collected cash due from M. Carolan. Feb. 2 Collected cash due from J.Speiran. 28 Sold goods for $520 to H.Scanlon and billed that amount subject to terms 3/10, n/45. Required: Assuming that Sales Discounts is treated as a contra-revenue, compute net sales for the two months ended February 28. Net sales