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On February 28, MAZ Co. had Net sales of $3,000,000. Credit sales for February amounted 30% of Net sales. The credit manager estimated that uncollectible

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On February 28, MAZ Co. had Net sales of $3,000,000. Credit sales for February amounted 30% of Net sales. The credit manager estimated that uncollectible accounts expense would amount to 10% of net credit sales made during February. On March 10, an account receivable from Kate for $6,000 was determined to be uncollectible and written off. In the adjusting entry, Bad Debt Expense is: , Debited for: $60,000 Debited for: $6,000 Credited for: $600,000 Credited for: $300,000 None of the above The write-off of Kate account is journalized as: Debit: AR $6,000 and Credit: Cash $6,000 Debit: AR $6,000 and Credit: Bad Debt Expense $6,000 Debit: AFDA $6,000 and Credit: AR $6,000 Debit: Bad Debt Expense $6,000 and Credit: AFDA $6,000 None of the above

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