1. journalize transactions (a) through (e).

2. prepare the Dec 31,2023, adjusting entry to estimate bad debts assuiminb uncollectibke accounts are estimated to be 1% of net credit sales.

3. show how accounts receivable will appear on the Dec 31,2023 balance shest.

4. what will bad debt expense be on the income statemnent got the year ended Dec31, 2023

5. prepare the Dec32,2023, adjusting entry to estimate bad debts assuming that uncollectiblr accounts are estimated to be 3% of outstanding recievables.

6. show how accounts receivable will appear on the Dec31,2023, balance sheet.

7. what will bad debt expense be on the income statement for the year ended Dec31,2023

Swiss Supplies showed the following selected adjusted balances at its December 31,2022 , year-end: During 2023, the following selected trarsactions occurred: a. Sales totalled $2,960,000, of which 25% were cash sales (cost of sales $1,909,000 ). b. Sales returns were $103,000, half regarding credit sales. The returned merchandise was scrapped. c. An account for $19,000 was recovered. d. Several accounts were written off: $21,000. e. Collections from credit customers totalled $1,870,000 (excluding the recovery in (c) above)