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Bradford Company's accounting records on December 31, 2019, provide the following information (prior to adjustment): Cash sales $93,100 Net credit sales $262,900 Accounts receivable $126,300
Bradford Company's accounting records on December 31, 2019, provide the following information (prior to adjustment):
Cash sales $93,100
Net credit sales $262,900
Accounts receivable $126,300
Allowance for doubtful accounts $2,150 (credit)
Required:
1. Prepare the journal entries to record the estimate of Bradford's bad debt expense for 2019 assuming debts are estimated to be 2% of net credit sales.
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