During the current year, Glatras Electronics recorded credit sales of $670,000. Based on prior experience, it estimates a 3.0 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 $2,300 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. 2. Complete the following table, indicating the amount and effect for each transaction. 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.) a. On October 28 of the current year, an account receivable for $2,300 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 Show less View transaction et Journal entry worksheet At year-end, the appropriate bad debt expense adjustment was recorded for the current year. NoteEnter debits before re E6-12 (Algo) Recording and Determining the Effects of Bad Debt Transactions on Income Statement Categories Using the Percentage of Credit Sales Method L06-2 During the current year, Giatras Electronics recorded credit sales of $670,000. Based on prior experience, it estimates a 3.0 percent bad debt rate on credit sales Required: 1. Prepare Journal entries for each of the following transactions On October 28 of the current year, an account receivable for $2,200 from a prlor year was determined to be uncollectible and was 6. 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. Complete this question by entering your answers in the tabs below. Required: Required Complete the folowing table, indicating the amount and effect for each transaction (Indicate decreases with a minus) Transaction Net Sales Gross Pro Income from Operations b. 20.100 (Required 1