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Saved E6-10 (Algo) Recording Bad Debt Expense Estimates and Write-Offs Using the Percentage of Credit Sales Method LO6-2 During the current year, Sun Electronics, Incorporated, recorded credit sales of $780,000. Based on prior experience, estimates a 3 percent bad debt rate on credit sales. Required: Prepare journal entries for each transaction of no entry is required for a transaction event, select "No journal entry required in the first account field.) a. On November 13 of the current year, an account receivable for $420 from a prior year was determined to be uncollectible and was written off b. At year-end, the appropriate bad debt expense adjustment was recorded for the current year View transaction list Journal entry worksheet Record the entry to write-off the uncollectible account. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal E6-10 (Algo) Recording Bad Debt Expense Estimates and Write-Offs Using the Percentage of Credit Sales Method LO6-2 During the current year, Sun Electronics, Incorporated, recorded credit sales of $780,000. Based on prior experience, it estimates a 3 percent bad debt rate on credit sales. Required: Prepare journal entries for each transaction: (if no entry is required for a transaction/event, select "No journal entry required in the first account field.) a. On November 13 of the current year, an account receivable for $420 from a prior year was determined to be uncollectible and was written oft b. At year-end, the appropriate bad debt expense adjustment was recorded for the current year. View transaction list Journal entry worksheet