During the current year, Sun Electronics, Incorporated, recorded credit sales of $5,000,000. Based on prior experience, it estimates a 2 percent bad debt rate on credit sales.

On November 13 of the current year, an account receivable for $98,000 from a prior year was determined to be uncollectible and was written off.

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

Required:

Indicate the effects of the transactions in the following table. Indicate the accounts affected and enter decreases to account categories with a minus sign.

During the curtent yeat, Sun Electronics, Incorporated, recorded credit saves of $5.000.000. Based on prior experience, it estimates a 2 petcent bad debt rate on credit sales. a. On Novernber 13 of the current yeas, an account recewable for $98,000 from o prior year was determined to be uncollectible and was written otf. b. At year-end, the appropriate bad debt expense adjustment was rocorded tor the current year. Required: Required: Indicate the effects of the transactions in the following table, Indicate the accounts affected and enter decreases to account categories with a minus sign