Farr Co. elects to use the percentage-of-sales basis in 2017 to record bad debt expense. It estimates that4% of net credit sales will become uncollectible. Sales revenues are $847,000for 2017, sales returns and allowances are $48,400, and the allowance for doubtful accounts has a credit balance of $9,600.

you have to Prepare the adjusting entry to record bad debt expense in 2017.(Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation

Debit

Credit

The interest on a $11200, 8%, 1-year note receivable is?

$12096.

$896.

$11200.

$11290.

On November 1, Marigold Company received a $2200, 6%, three-month note receivable. The cash to be received by Marigold Company when the note becomes due is:?

$2222.

$2233.

$2332.

$2200.