EG-9 (Algo) Recording Bad Debt Expense Estimates and Write-offs Using the Percentage of Credit Sales Method LO6-2 During the current year, Witz Electric, Inc., recorded credit sales of $840,000. Based on prior experience, testimates a 3 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 $1600 from March of the current year was determined to be uncollectible and was written ont b. The appropriate bad debt expense adjustment was recorded for the current year View transaction list Journal entry worksheet Record the entry to write of the uncollectible account. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal E6-9 (Algo) Recording Bad Debt Expense Estimates and Write-offs Using the Percentage of Credit Sales Method LO6-2 During the current year, Witz Electric, Inc, recorded credit sales of $840,000. Based on prior experience debt rate on credit sales. estimates a percent bad Required: Prepare journal entries for each transaction of 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 $1600 from March of the current year was determined to be uncollectible and was written oft b. The appropriate bad debt expense adjustment was recorded for the current year View transaction list Journal entry worksheet Record the entry for bad debt expense. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal Prey 2 of 6 Next >