During 2014, Sun Electronics, Incorporated, recorded credit sales of $5,000,000. Based on prior experience, it estimates a
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Required:
Prepare journal entries for each transaction:
a. The appropriate bad debt expense adjustment was recorded for the year 2014.
b. On December 31, 2014, an account receivable for $98,000 from a prior year was determined to be uncollectible and was written off.
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Related Book For
Financial Accounting
ISBN: 978-0078025556
8th edition
Authors: Robert Libby, Patricia Libby, Daniel Short
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