Sunrays, Inc. wrote off the account of one its customers, Brad Doe, in 2016 for $500. On January 21, 2017, Brad unexpectedly repaid his account in full. The company uses the direct write-off method to account for uncollectible receivables. Journalist the entries required for Sunrays, Inc. on January 21 2017.

4) Sunrays, I unexpectedly repaid his account in full. The company uses the direct write-off method to account for uncollectible receivables. Journalize the entries required for Sunrays, Inc. on January 21, 2017.aSpts) nc. wrote off the account of one of its customers, Brad Doe, in 2016 for $500. On January 21, 2017, Brad 5) On January 1, 2017, Everlight Corp. has the following account balances: Accounts Receivable 20,000 Allowance for Bad Debts 1,200 Bad Debts Expense During the year, Everlight has $155,000 of credit sales, collections of credit sales of $143,000, and write-offs of $3,300. It records bad debts expense at the end of the year using the aging-of-receivables method. At the end of the year, the aging analysis shows that $1,700 is the estimate of uncollectible accounts Before the year-end entry to adjust the bad debts expense is made, the balance in the Allowance for Bad Debts expense is a. .(10pts) b. Prepare the journal entry to record the bad debts expense on December 31, 2017.(20pts) 6) The Allowance for Bad Debts account has a credit balance of $2,000 The company's management estimates that 2% of net credit sales will be uncollectible for the year 2017, N for the year were $250,000. Prepare the journal entry to record the bad debts before the adjusting entry for bad debts expense. et credit sales expense on December 31, 2017.(10pts)