Question: Refer to the information about Sears given in E8-14. Required: Complete the following table indicating the direction of the effect (+ for increase, for

Refer to the information about Sears given in E8-14.
Required:
Complete the following table indicating the direction of the effect (+ for increase, €“ for decrease, and NE for no effect) of each transaction during 2013:

E8-14

Net Credit Sales Average Net it Accounts Receivable Recevables Turnover Ratio Transaction b. Recording bad debt expense. 2013 $661 26 635 in millions) Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net 2012 $723 28 695

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