Assume credit sales for the period are 110,000 and that the company estimates bad debts to be 4.25% of credit sales. Please prepare the journal entry to record bad debts expense. Indicate debits with "dr." and credits with "cr."

Using your answer to the previous question, if A/R = 38,000 and the allowance for bad debt had a 1,200 credit balance, what would be Net A/R?