Question: Please help me with this! Thanks! Sales % approach Selected unadjusted account balancesat Dec 31 ,2019' are shown on the table below for ABC Account

Please help me with this! Thanks!

Sales % approach Selected unadjusted account balancesat Dec 31 ,2019' are shown on the table below for ABC Account Debit $ Credit $ Account Receivable 75000 Sales 480000 Sales cash 25% ADA Balance 1100 Sales discount ( discount applies to both cash and credit sales 8000 ABC estimates that 1.5%of net credit sales will prove to be uncollectible. REQUIRED 1. Calculate the bad debt 2. Journalize the bad debt 3. post the transactions to T accounts 4. Give an extract of the balance sheet

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