Question: 28 35 BE8.4 (LO 2), AP Assume the same information as BE8.3 and that on March 4, 2025, Safer Co. receives payment of $4,300 in

28 35 BE8.4 (LO 2), AP Assume the same information as BE8.3 and that on March 4, 2025, Safer Co. receives payment of $4,300 in full from Madonna Inc. Prepare the journal entries to record this transaction. Prepare entry using percentage-of-receivables method. BE8.5 (LO 2), AP Byrd Co. uses the percentage-of-receivables all b basis to record bad debt expense and concludes that 2% of accounts receivable agaimable on $100.000 at the end of the year and the allowance for doubtful accounts has a credit balance

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