During the current year, Sun Electronics, Incorporated, recorded credit sales of $740,000. Based on prior experience, it estimates a 3 percent bad debt rate on credit sales. a. On November 13 of the current year, an account receivable for $360 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.

Required:

Using the following categories, select the effects of the above transactions. Use + for increase and for decrease and indicate the accounts affected and the amounts.

Table shows: Transactions, Assets, Liabilities, Stockholders Equity.

Thanks.