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O A GeDIL LO ine Accounts Receivable account In ine general Ieager and a deDIt to the customer's account in the accounts receivable subsidiary ledger.
O A GeDIL LO ine Accounts Receivable account In ine general Ieager and a deDIt to the customer's account in the accounts receivable subsidiary ledger. Question 3 (10 points) At December 31 of the current year, Yakko company reported the following: Total sales for the current year: 950,000 Total Sales 125,000 Cash Accounts receivable balance at Dec. 31, current year: 280.000 Bad debts written off during the current year: 5.200 Balance of Allowance for Doubtful Accounts at January 1, current year: 7.200 Prepare the necessary adjusting entries to record bad debts expense assuming this company's bad debts are estimate (a) 1.5% of credit sales. (b) 5% of accounts receivable. You must show your work in regards to the calculation of the numbers for your
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