Use the Dynamic Exhibit to answer the following questions.

1. When the percent of uncollectible accounts is .75%, the entry for bad debt expense is a debit to bad debt expense for $............

2. When the percent of uncollectible accounts is 1%, the entry for bad debt expense is a debit to bad debt expense for $...........

3. When the unadjusted balance of Allowance for Doubtful Accounts is a debit of $2,100, and the percent of uncollectible accounts is .75%, the adjusted balance at December 31 after the entry for uncollectible accounts is made is $...........

4. When the unadjusted balance of Allowance for Doubtful Accounts is a credit of $3,250, and the percent of uncollectible accounts is .75%, the adjusted balance at December 31 after the entry for uncollectible accounts is made is $..........

Cerpapelow.20 * Dynamic Exhibit Pere * Get Homework Help Cine The Dynami c - Free Storage M o den (348) 9781285743615/de/ch09/what if one/index.html Percent of Sales Method: At the end of the current year, accounts receivable has a balance of $240,000, allowance for doubtful accounts has a credit balance of $3,250 and credit sales for the year are $3,000,000. Bad debt expense is estimated at 0.75% of credit sales. Estimate uncollectible accounts and prepare the journal entry to adjust bad debt expense and allowance for doubtful accounts $2,100/DC) $3,250[C:) Move the slider to change the values. Balance of allowance for doubtful accounts Click on to view the information Percent of uncollectible accounts 0.75% View Analysis Journal Page 1 Description Post Rol Credit Adjusting Entry Dec 31 Bad Debt Expense 2500 A for Doubtful Accounts 22 500 Uncollectible account estimate 151.000.000 X 0.75 $22,500) Bad Debt Expense Allowance for Doubtful Accounts Ady Entry 22.500 30,000 Dec 31 Ad, Bal 22,500 accounts written of Una al 3.250 Ady Entry Dec.31 AdjBol 25,750 Cerpapelow.20 * Dynamic Exhibit Pere * Get Homework Help Cine The Dynami c - Free Storage M o den (348) 9781285743615/de/ch09/what if one/index.html Percent of Sales Method: At the end of the current year, accounts receivable has a balance of $240,000, allowance for doubtful accounts has a credit balance of $3,250 and credit sales for the year are $3,000,000. Bad debt expense is estimated at 0.75% of credit sales. Estimate uncollectible accounts and prepare the journal entry to adjust bad debt expense and allowance for doubtful accounts $2,100/DC) $3,250[C:) Move the slider to change the values. Balance of allowance for doubtful accounts Click on to view the information Percent of uncollectible accounts 0.75% View Analysis Journal Page 1 Description Post Rol Credit Adjusting Entry Dec 31 Bad Debt Expense 2500 A for Doubtful Accounts 22 500 Uncollectible account estimate 151.000.000 X 0.75 $22,500) Bad Debt Expense Allowance for Doubtful Accounts Ady Entry 22.500 30,000 Dec 31 Ad, Bal 22,500 accounts written of Una al 3.250 Ady Entry Dec.31 AdjBol 25,750