Check my work mode: This show what is corrector incorrect for the work you have completed so far. I does no 1 25 bo During the current We Election recorded as 570000 Based on prior experience, it estimates 2 percent od debate ones Required Prepare for each transaction of any is required for atraction went select "No journal entry required in the first account feld) On September 20 of the current year our recevor S. Marts of the current year was determined to be uncocble and waitten of The propriate bat pense adjument was recorded for the current Answer correct C 8 Bad Afde 20 C Ace 30000 During the current year, Witz Electric, Inc., recorded credit sales of $780,000. Based on prior experience, it estimates a 2 percent bad debt rate on credit sales Required: Prepare journal entries for each transaction: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) a on September 29 of the current year, an account receivable for $2,600 from March of the current year was determined to be uncollectible and was written off b. The appropriate bad debt expense adjustment was recorded for the current year View transaction list View journal entry worksheet Transaction General Journal Debit No 1 Credit a. 2,600 Bad debt expense Allowance for doubtful accounts 2,600 IN 2 b. Cash Accounts receivable 2,600 2,600