Question: please answer question one and two During the current year. Witz Electric, Inc. recorded credit sales of $850,000. Based on prior experience, it estimates a

During the current year. Witz Electric, Inc. recorded credit sales of $850,000. Based on prior experience, it estimates a 1 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 $1.600 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 yeat . View transaction list Journal entry worksheet
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