Credits $ 30 Debits Accounts Receivable $ 1,200 Allowance for Doubtful Accounts Sales (assume all on credit) 19,100 Required: 1. Assume Boyd uses 3/4 of 1 percent of sales to estimate its Bad Debt Expense for the year. Prepare the adjusting journal entry required for the year, assuming no Bad Debt Expense has been recorded yet 2. Assume instead Boyd uses the aging of accounts receivable method and estimates that $88 of its Accounts Receivable will be uncollectible. Prepare the adjusting journal entry required at December 29, 2018, for recording Bad Debt Expense 3. Assume instead Boyd's uses the aging of accounts receivable method and estimates that $88 of its Accounts Receivable will be uncollectible Prepare the adjusting Journal entry required at December 29, 2018, for recording Bad Debt Expense assuming Boyd's unadjusted balance in Allowance for Doubtful Accounts at December 29, 2018, was a debit balance of $28. 4. If one of Boyd's customers declared bankruptcy, what journal entry would be used to write off its $10 balance? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Assume Boyd uses 3/4 of 1 percent of sales to estimate its Bad Debt Expense for the year prepare the adjusting Journal entry required for the year, assuming no Bad Debt Expense has been recorded yet (Ir no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your antwers in millions ( 10,000,000 should be entered as 10). Round your answers to the nearest whole number) Show less Assume Boyd uses 3/4 of 1 percent of sales to estimate its Bad Debt Expense for the year. Prepare the adjusting journal entry required for the year, assuming no Bad Debt Expense has been recorded yet. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field. Enter your answers in milions (ie, 10,000,000 should be entered as 10). Round your answers to the nearest whole number) Show less View transaction list Journal entry worksheet Record the entry for bad debt expenses under the percentage of credit sales method Note Enter debits before credits General Journal Debit Credit Date December 29 2018 Record entry Clear entry View general journal Assume instead Boyd uses the aging of accounts receivable method and estimates that $88 of its Accounts Receivable will be uncollectible. Prepare the adjusting journal entry required at December 29, 2018, for recording Bad Debt Expense. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in millions (ie 10,000,000 should be entered as 10). Round your answers to the nearest whole number.) Show less View transaction list Journal entry worksheet Record the entry for bad debt expenses under the aging of accounts receivable method Note: Enter debits before credits General Journal Debit Credit Date December 29 2018 Record entry Clear entry View general Journal Assume instead Boyd's uses the aging of accounts receivable method and estimates that $88 of its Accounts Receivable will be uncollectible. Prepare the adjusting Journal entry required at December 29, 2018, for recording Bad Debt Expense assuming Boyd's unadjusted balance in Allowance for Doubtful Accounts at December 29, 2018, was a debit balance of $28. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field. Enter your answers in millions (ie, 10,000,000 should be entered as 10).) Show less View transaction list Journal entry worksheet Record the adjusting entry for bad debts as of December 29, 2018 using the aging of accounts receivable method receivable method and assuming the unadjusted balance in Allowance for Doubtful Accounts at December 29, 2018, was a debit balance of $28. Note Enter debits before credits Date General Joumal Debit Credit December 29 2018 Record entry Clear entry View general journal If one of Boyd's customers declared bankruptcy, what journal entry would be used to write off its $10 balance? (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field. Enter your answers in millions (1., 10,000,000 should be entered as 10).) View transaction list Journal entry worksheet Record the write-off of a certain customer account totaling $10 which is not collectible due to bankruptcy declared by the customer, Note: Enter debit before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal