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During the current year, Giatras Electronics recorded credit sales of $680,000 Based on prior experience. It estimates a 35 percent bad debt rate on credit

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During the current year, Giatras Electronics recorded credit sales of $680,000 Based on prior experience. It estimates a 35 percent bad debt rate on credit sales. Required: 1. Prepare journal entries for each of the following transactions a. On October 28 of the current year, an account receivable for $2,800 from a prior year was determined to be uncollectible and b. At year end, the appropriate bad debt expense adjustment was recorded for the current year. 2. Complete the following table, indicating the amount and effect for each transaction was written off Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare journal entries for each of the following transactions. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) written off a. On October 28 of the current year, an account receivable for $2,800 from a prior year was determined to be uncollectible and was b. At Year-end, the appropriate bad debt expense adjustment was recorded for the current yeat. Show less View transaction list Journal entry worksheet Journal entry worksheet 1 2 On October 28 of the current year, an account receivable for $2,800 from a prior year was determined to be uncollectible and was written off. Notes Enter debits before credits Transaction General Journal Debit Credit Clear entry Record entry View general Journal . At year-end, the appropriate bad debt expense adjustment was recorded for the current year. View transaction list Journal entry worksheet At year-end, the appropriate bad debt expense adjustment was recorded for the current year. Note: Enter debits before credits. Transaction General Journal Debit Credit b. Record entry Clear entry View general journal Required Required 2 >

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