Exercise 9-4 Direct write-off method \& P1 Dexter Compang aies the derect wite-off wethod. Yrepare journal eatuits to record the following transaction. Mac. II Decter determines that it eannot coliect $45.000 of its aseonats reecivable from Leer Co. 29 Leer Co, unexpectedly pass its acsouas in full to Dexter Company. Dexter recoeds its resovery of this bad debt. Exerelse 9-17 Estimating bad debts 93 At Decenber 31. Folgers Coffee Company reports the following results for its calendar year. Its yearend unadjusted trial balance includes the following items. 1. Prepare the adjusting entry to record bad debts expense assuming uncoliectibles are estimated to be 3% of credit sales. 2. Prepare the adjusting entry to record bad debts expense assuming unsollectibles are estimated to be IS of total sales. 3. Prepare the adjusting entry to record bad debts expense assuming unsollectibles are eryimated to be 6% of yearend assounts restivabie. 1. A compary's Accounts Receivable balance at its December 3 yearend is $125,650, and its Allowance for Doubrfal Aecounts has a credit balance of $328 before yearend adjestment. Its net sales are $572,300. It estinates that 4$ of ourstanding acsounts reccivable are uncollectible. What amount of bad debts expense is reconded at Deceinber 31 ? a. $5,354 b. $325 c. $5.026 d. $4.698 e. $34,335 2. A sompany's Acsounts Receivable balance at its December 31 yearend is $489.300, and its Allowance for Doubtful Accouats has a debit balance of $554 before yearend odjustment, Its net sales are $1,300,000. It estimates that 6S of outstanding accounts receivable are incellectible, What amount of bad debti expense is recorded at Decenber 31 ? a. $29.912 b. \$28.804 c. $78.000 d. \$29.35s e. $554