Question: Refer to the information about Sears given in E8-14. Information From E8-14 (in millions) 2011 2010 Accounts Receivable.................................... $719............. $691 Allowance for Doubtful Accounts....................... 36................

Refer to the information about Sears given in E8-14.
Information From E8-14
(in millions) 2011 2010
Accounts Receivable.................................... $719............. $691
Allowance for Doubtful Accounts....................... 36................ 39
Accounts Receivable, Net.............................. $683............ $652
Required:
Complete the following table indicating the direction of the effect (+ for increase, - for decrease, and NE for no effect) of each transaction during 2011:

Net Credit Sales Average Net Accounts Receivable Receivables Turnover Ratio Transaction a.Writing off uncollectible accounts b. Recording bad debt expense.

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