Part A So Company estimates its bad debts as 5 25% of its annual sales of $108.000 The company determines that it cannot collect $2450 from its customer L&T company. The cutomer unexpectedly pays the full amount to sa Company Propare necessary journal ontries

Part B Miracle Company uses percentage of Accounts Receivable Method to estimate Bad Dobits. On 31 December, 2021. has outstanding accounts receivable of $90,000 and naturalis that 325% will be uncolectible Propane noonstary journal entries to record bad debts i Allowance for Doubtful Accounts has a credit balance of $785. Wal your answer be different the Allowance for Doubtful Accounts has a debit balance of $235

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