If you use the % of Sales Method, and I say that you will lose .7% (.007) of your sales, what amount goes to bad debt expense? You better understand the journal entries and what the Taccounts look like when you calculate % of sales and % of A/R. You just sold something and they signed a promissory note. What entry do YOU make on the day of the sales? Debit ? Credit ? What do you call a failure to pay a note? If you use the % of Sales Method, and I say that you will lose .7% (.007) of your sales, what amount goes to bad debt expense? You better understand the journal entries and what the Taccounts look like when you calculate % of sales and % of A/R. You just sold something and they signed a promissory note. What entry do YOU make on the day of the sales? Debit ? Credit ? What do you call a failure to pay a