Question 1 Not yet answered Marked out of 10 Flag question. The following unadjusted balances of Beta Company are presented at August 31, 2023: Dr. Cr. Accounts receivable Sales returns and allowances Allowance for doubtful accounts Credit Sales Dr. Cr. $100 000 40 000 Required: (a) Prepare the journal entry for estimated bad debts assuming that doubtful accounts are estimated to be 6% of gross accounts receivable. $ 2 500 $750 000 Time left 2:28:59 $ (b) Prepare the journal entry for estimated bad debts assuming that doubtful accounts are estimated to be 1% of net sales ?

Ruestion 1 The following unadjusted balances of Beta Company are presented at August 31, 2023: Required: (a) Prepare the journal entry for estimated bad debts assuming that doubtful accounts are estimated to be 6% of gross accounts receivable. (b) Prepare the journal entry for estimated bad debts assuming that doubtful accounts are estimated to be 1% of net sales