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Can you please help me with chapters 7 and eight homework. Thank you The Dublous Company operates in an industry where all sales are made

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The Dublous Company operates in an industry where all sales are made on account. The company has experienced bad debt losses of 1.80% of credit sales in prior periods. Presented below is the company's forecast of sales and expenses over the next three years. Sales Revenue Bad Debt Expense Other Expenses Net Income Year 1 $ 369,000 Unknown 340,000 Unknown Year 2 $ 375,000 Unknown 341,000 Unknown Year 3 $ 374,000 Unknown 336,750 Unknown Required: a. Calculate Bad Debt Expense and net income for each of the three years, assuming uncollectible accounts are estimated as 1.80% of sales. b. Assume that the company changes its estimate of uncollectible credit sales to 1.80% in Year 1, 2.80% in Year 2 and 2.30% in Year 3. Calculate the Bad Debt Expense and net income for each of the three years under this alternative scenario. Complete this question by entering your answers in the tabs below. Required A Required B Calculate Bad Debt Expense and net income for each of the three years assuming unca 1.80% of sales. Year 1 Year 2 Year 3 Bad Debt Expense Net Income Record the receipt of a note on May 31, 2018 for a $110,000 loan to an employee. Note: Enter debits before credits. Date General Journal Credit Debit 110,000 May 31, 2018 110,000 Record entry Clear entry View general Journal Journal entry worksheet

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