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	$	7,702
Bad debt expense		3,318
Write-offs		(4,460	)
Balance at end of year	$	6,560

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 $140,256, bad debt expense was $206, sales discounts were $1,314, sales returns were $976, and credit card fees were $2,089. What amount would the company report for net sales for the month?

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 $ 7,702 Bad debt expense 3,318 Write-offs (4,460) Balance at end of year $ 6,560 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 $140,256, bad debt expense was $206, sales discounts were $1,314, sales returns were $976, and credit card fees were $2,089. 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 Record entry for estimated bad debts. Note: Enter debits before credits. Transaction General Journal Debit Credit A 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 Record write-off of specific bad debts. Note: Enter debits before credits. Transaction General Journal Debit Credit B 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 $140,256, bad debt expense was $206, sales discounts were $1,314, sales returns were $976, and credit card fees were $2,089. 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 $140,256, bad debt expense was $206, sales discounts were $1,314, sales returns were $976, and credit card fees were $2,089. What amount would the company report for net sales for the month? Net sales