E 6 9 ( Algo ) Recording Bad Debt Expense Estimates and Write Offs Using the Percentage of Credit Sales Method L 0 6 2 Prepare journal entries for each transaction Note If no entry is required for a transaction event , select No journal entry required in the first account field On September 2 9 , an account receivable for $ 3 , 5 0 0 was determined to be worthless and written off The company estimates 2 of credit sales are uncollectible At year end ( December 3 1 ) , it recorded the appropriate bad debt expense adjustment Credit sales for the year were $ 7 9 0 , 0 0 0 On December 3 0 , there were $ 6 0 0 of accounts receivable not yet collected and the balance in the allowance for doubtful accounts was $ 1 4 Journal entry worksheet Record the entry for bad debt expense Note Enter debits before credits E 6 9 ( Algo ) Recording Bad Debt Expense Estimates and Write Offs Using the Percentage of Credit Sales Method L 0 6 2 Prepare journal entries for each transaction Note If no entry is required for a transaction event , select No journal entry required in the first account field On September 2 9 , an account receivable for $ 3 , 5 0 0 was determined to be worthless and written off The company estimates 2 of credit sales are uncollectible At year end ( December 3 1 ) , it recorded the appropriate bad debt expense adjustment Credit sales for the year were $ 7 9 0 , 0 0 0 On December 3 0 , there were $ 6 0 0 of accounts receivable not yet collected and the balance in the allowance for doubtful accounts was $ 1 4 Journal entry worksheet Record the entry to write off the uncollectible account Note Enter debits before credits

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E 6   9 ( Algo ) Recording Bad Debt Expense Estimates and Write   Offs Using the Percentage of Credit Sales Method L 0 6   2 Prepare journal entries for each transaction  Note  If no entry is required for a transaction   event , select   No journal entry required  in the first account field  On September 2 9 , an account receivable for $ 3 , 5 0 0 was determined to be worthless and written off  The company estimates 2   of credit sales are uncollectible  At year   end ( December 3 1 ) , it recorded the appropriate bad debt expense adjustment  Credit sales for the year were $ 7 9 0 , 0 0 0   On December 3 0 , there were $ 6 0 0 of accounts receivable not yet collected and the balance in the allowance for doubtful accounts was $ 1 4   Journal entry worksheet Record the entry for bad debt expense  Note  Enter debits before credits  E 6   9 ( Algo ) Recording Bad Debt Expense Estimates and Write   Offs Using the Percentage of Credit Sales Method L 0 6   2 Prepare journal entries for each transaction  Note  If no entry is required for a transaction   event , select   No journal entry required  in the first account field  On September 2 9 , an account receivable for $ 3 , 5 0 0 was determined to be worthless and written off  The company estimates 2   of credit sales are uncollectible  At year   end ( December 3 1 ) , it recorded the appropriate bad debt expense adjustment  Credit sales for the year were $ 7 9 0 , 0 0 0   On December 3 0 , there were $ 6 0 0 of accounts receivable not yet collected and the balance in the allowance for doubtful accounts was $ 1 4   Journal entry worksheet Record the entry to write   off the uncollectible account  Note  Enter debits before credits

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E 6 - 9 ( Algo ) Recording Bad Debt Expense Estimates and Write - Offs Using the Percentage of Credit Sales Method L 0

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