Question: I am working on a comprehensive problem for accounting 101. After journalizing each transaction, i am asked to journal and post adjusting entries. I do

I am working on a comprehensive problem for accounting 101. After journalizing each transaction, i am asked to journal and post adjusting entries. I do not understand this entry.

A. Bad debt is 1% of sales for the month of July. (Hint: use revenue balance).

Where do I get my total of sales from? What transactions are considered sales?

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