Question: ment OLL SCREEN PRINTERVERSON BACK NECT Brief Exercise 9-6 Farr Co. elects to use the percentage-of-sales basis in 2017 to record bad debt expense. It

ment OLL SCREEN PRINTERVERSON BACK NECT Brief Exercise 9-6 Farr Co. elects to use the percentage-of-sales basis in 2017 to record bad debt expense. It estimates that 2% of net credit sales wll become sales returns and allowances are $56,400, and the allowance for doubtful accounts has a credit balance of $9,500 uncolectible. Sales revenues are $846,000 for 2017, Prepare the adjusting entry to record bad debt expense in 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit LINK TO

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