Question Completion Status MacKenzie Company sold $300 of merchandise to a customer who used a Regional Bank Credit Card Regional Bank charges a 15% foe for sales on its credit cards. The journal entry to record this sales transaction would be Debit Cash $295.50, debit Credit Card Expense $450 and credit Sales $300 Debit Accounts Receivable $300 and credit Sales $300 Debit Cash of $300 and credit Sales $300 Debit Cash $295 50 and credit Sales $295 50 Debit Cash of $300 and credit Accounts Receivable $300 QUESTION 33 A company uses the percent of sales method to determine its bad debts expense At the end of the current year the company's unadjusted trial balance reported the following selected amounts Accounts Receivable $ 375.000 debit Net Sales 800,000 credit All sales are made on credit Based on past experience the company estimates that 06% of net sales are uncollectible. What amount should be dobited to Bad Debts Exponse when the year-end adjusting entry is prepared? 54.500 51.275 54800 55,500 51 775