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Blue Store recorded credit sales of $300,000 plus GST during the year. Of these, 10% returned sales due to poor quality products. Bad debts have
Blue Store recorded credit sales of $300,000 plus GST during the year. Of these, 10% returned sales due to poor quality products. Bad debts have averaged 2% of net credit sales. Which of the following is the journal entry to record estimated bad debt expense for the year? Group of answer choices Debit bad debts expenses $5,400, debit GST payable $540, credit allowance for doubtful debts $5,940 Debit bad debts expenses $5,400
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