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uat6(8 poines) Prepare aproperiate adjesting journal entrics for the bank Questions 7 and 8.The following information was abstracted from Joe Brown Company December 31 2016

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uat6(8 poines) Prepare aproperiate adjesting journal entrics for the bank Questions 7 and 8.The following information was abstracted from Joe Brown Company December 31" 2016 Sales Accounts Receivable Dec. 31, 2016. $ 1,209,000 379,000 $1,430 credit $ 18,300 Allowance for Doubtful Accounts. Sales Return and Allowances. PREPARE THE JOURNAL ENTRIES FOR BAD DEBT EXPENSE UNDER EACH OF THE FOLLOWING ASSUMPTIONS: Question 7 (6 points). It is assumed that3-25% of current accounts receivable will become uncollectible. Debit Credit

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