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i cant figure out the bad debt expense for this year please help. d. In adjusting the accounts on December 31 , the company estimated
i cant figure out the bad debt expense for this year please help. d. In adjusting the accounts on December 31 , the company estimated that 1.5% of accounts recelvable would be uncollectible. Year 2 e. Sold $1,525,634 of merchandise on credit (that had cost $1,250,000 ), terms n/30. f. Wrote off $27,800 of uncollectible accounts recelvable. 9. Recelved $1,204,600 cash in payment of accounts recelvable. h. In adjusting the accounts on December 31 , the company estimated that 1.5% of accounts recelvable would be uncollectible. Required: Prepare journal entries to record Llang's Year 1 and Year 2 summarized transactions and its year-end adjustments to record bad debts expense. (The company uses the perpetual inventory system, and it applies the allowance method for its accounts recelvabie.) (Round your intermediate calculations to the nearest dollar.) Prepare journal entries to record Liang's Year 2 summarized transactions and its year-end adjustments to record bad debt (The company uses the perpetual inventory system, and it applies the allowance method for its accounts receivable.)
i cant figure out the bad debt expense for this year please help.
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