Attempt 1 Champ's Pet Emporium accepts cash and debit cards for most sales transactions. But they do offer trade accounts receivable to select customers. The May month end is fast approaching, and they wish you to determine the proper entry to account for bad debts. Use the information below to determine the appropriate entry: Total Sales Cash sales Debit card sales Sales on Account: $1,083,780 $ 466,025 $ 75,865 Bad Debt % on sales on account 732 2% Accounts Receivable ending balance $ 20,047 DR Allowance for Doubtful Accounts opening balance $ 3,935 CR Accounts written off this period 1,183 Aging Accounts Receivable Current 30-60 days 60-90 days Over 90 days Bad Debt % 37% 1% 23% 3% 14% 9% 26% 72% 100% A) If Champ's Pet Emporium follows the Balance Sheet Approach, prepare the journal entries for the company for account write-off and bad debt. Show all calculations. B) What would be the net Accounts Receivable on the Balance Sheet after preparing aa your journal entry from A)? I UA B V Paragraph MacBook Pro & o * 8