prepare journal entries for each transaction: on sept.29 of the current year, an account recievable for 3,400 from match of the current year was determined to be uncollrctible and was written off. the appropriaye bad debt expense adjustment was recorded for current year.

during the curreny year. Witz electric , incorporated, recorded credit sales of 720,000. based on prior experience, itx estimatex a 2 precent bad debt rate on credit sales. prepare journal entries for each transaction: 1. on september 29 of current year, an account recievable for $3,400 from march of the currentbyear was determined to be uncollectible and was written off. 2. the appropiate bad debt expense adjustment was recorded for the current year.

Iring the current year, Witz Electric, Incorporated, recorded credit sales of $720,000. Based on prior experience, it e rcent bad debt rate on credit sales. quired: epare journal entries for each transaction: bte: If no entry is required for a transactiontevent, select "No journal entry required" in the first account field. 1. On September 29 of the current year, an account receivable for $3,400 from March of the current year was deter uncollectible and was written off. 2. The appropriate bad debt expense adjustment was recorded for the current year