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Brief Exercise 7-5 Flint, Inc. had net sales in 2017 of $1,465,800. At December 31, 2017, before adjusting entries, the balances in selected accounts were
Brief Exercise 7-5 Flint, Inc. had net sales in 2017 of $1,465,800. At December 31, 2017, before adjusting entries, the balances in selected accounts were Accounts Receivable $337,800 debit, and Allowance for Doubtful Accounts $2,590 credit. If Flint estimates that 9% of its receivables will prove to be uncollectible Prepare the December 31 2017 journal entry to record bad debt expense. If no entry s require select Entry for the accoun ities and enter0.the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31, 2017
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