During the current year, Sun Electronics, Incorporated, recorded credit sales of $750,000. Based on prior experience,...

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During the current year, Sun Electronics, Incorporated, recorded credit sales of $750,000. Based on prior experience, it estimates a 1 percent bad debt rate on credit sales. Required: Prepare journal entries for each transaction: Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. 1. On November 13 of the current year, an account receivable for $390 from a prior year was determined to be uncollectible and was written off. 2. At year-end, the appropriate bad debt expense adjustment was recorded for the current year. View transaction list Journal entry worksheet 2 Record the entry to write-off the uncollectible account. Note: Enter debits before credits. Transaction a. General Journal Debit Credit Record entry Clear entry View general journal During the current year, Sun Electronics, Incorporated, recorded credit sales of $750,000. Based on prior experience, it estimates a 1 percent bad debt rate on credit sales. Required: Prepare journal entries for each transaction: Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. 1. On November 13 of the current year, an account receivable for $390 from a prior year was determined to be uncollectible and was written off. 2. At year-end, the appropriate bad debt expense adjustment was recorded for the current year. View transaction list Journal entry worksheet < 1 2 Record the entry for bad debt expense. Note: Enter debits before credits. Transaction b. General Journal Debit Credit Record entry Clear entry View general journal During the current year, Sun Electronics, Incorporated, recorded credit sales of $750,000. Based on prior experience, it estimates a 1 percent bad debt rate on credit sales. Required: Prepare journal entries for each transaction: Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. 1. On November 13 of the current year, an account receivable for $390 from a prior year was determined to be uncollectible and was written off. 2. At year-end, the appropriate bad debt expense adjustment was recorded for the current year. View transaction list Journal entry worksheet 2 Record the entry to write-off the uncollectible account. Note: Enter debits before credits. Transaction a. General Journal Debit Credit Record entry Clear entry View general journal During the current year, Sun Electronics, Incorporated, recorded credit sales of $750,000. Based on prior experience, it estimates a 1 percent bad debt rate on credit sales. Required: Prepare journal entries for each transaction: Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. 1. On November 13 of the current year, an account receivable for $390 from a prior year was determined to be uncollectible and was written off. 2. At year-end, the appropriate bad debt expense adjustment was recorded for the current year. View transaction list Journal entry worksheet < 1 2 Record the entry for bad debt expense. Note: Enter debits before credits. Transaction b. General Journal Debit Credit Record entry Clear entry View general journal