During the current year, Giatras Electronics recorded credit sales of $$690,000.$ Based on prior experience, it estimates a $4\mathrm{.}5$ percent bad debt rate on credit sales.

Required:

Prepare journal entries for each of the following transactions.

a$.$ On October $28$ of the current year, an account recelvable for $$2,100$ from a prior year was determined to be uncollectible and was written off.

b$.$ At year$-$end, the appropriate bad debt expense adjustment was recorded for the current year.

Complete the following table, indicating the amount and effect for each transaction.

Answer is not complete.

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Complete the following table, indicating the amount and effect for each transaction. $($Indicate decreases with a minus sign.$)$

$\backslash$table$[[$Transaction$,\backslash$table$[[$Net$],[$Sales$]],\backslash$table$[[$Gross$],[$Profit$]],\backslash$table$[[$Income from$],[$Operations$]]],[$a$.,,,],[$b$,,,]]$