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The requirement 3 answer is 628$ During 2024, Lake Lucerne Company completed the following transactions: 1 Sales revenue on account, $113,600 (ignore Cost of Goods

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The requirement 3 answer is 628$
During 2024, Lake Lucerne Company completed the following transactions: 1 Sales revenue on account, $113,600 (ignore Cost of Goods Sold). 2 Collections on account, $92,895 3 Write-offs of uncollectibles, $760. The Company accepted a 90 -day, 9%,$13,500 note receivable from a customer in exchange for 4 his account receivable. a Journalize the issuance of the note. b Journalize the collection of the principal and interest at maturity. (use 360 days) 5 Bad debts expense of $ ?? was recorded. (Refer to requirement 3 )

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