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please help with question 2 Weylie's Wildflowers uses the percentage of credit sales method to estimate bad debt expense. Weylie records credit sales of $500,000

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please help with question 2

Weylie's Wildflowers uses the percentage of credit sales method to estimate bad debt expense. Weylie records credit sales of $500,000 for the current year, and estimates 5% of sales will be uncollectible. Record the journal entries for the following transactions: A customer informs Weylie that they will be unable to pay their $500 debt. Dr. Cr. Answer 1: Allowance for Doubtful Accounts Answer 2: 500 Answer 3: Accounts Receivable Answer 4: 500 Question 2 0.75/1pts Using the information from the previous question, write the journal entry that Weylie records for bad debt expense for the year. Dr. Cr

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