Question: plz show me the steps 2-a. Using the aging schedule, compute the bad debt expense for December 2020. Bad debt expense 2-b. Prepare the Journal






plz show me the steps







2-a. Using the aging schedule, compute the bad debt expense for December 2020. Bad debt expense 2-b. Prepare the Journal entry to record bad debt expense for December 2020. (If no entry Is required for a transaction/event, select "No Journal entry required" In the first account field.) View transaction list Journal entry worksheet Record estimated bad debt expense for the period. Note: Enter debits before credits. Date General Journal Debit Credit Dec. 31 Record entry Clear entry View general journal 3. Compute the gross profit percentage and the receivables turnover ratio for December 2020. (Round the final answers to 2 decimal places.) Gross profit percentage Receivable turnover ratio imesRequired: 1. Prepare the journal entries to record the transactions that occurred In December 2020. (If no entry Is required for transaction/event, select "No Journal entry required" In the first account field.) View transaction list Journal entry worksheet 2 3 4 5 Record sale of merchandise partly cash and the rest on account, terms 2/10, n/60. Note: Enter debits before credits. Date General Journal Debit Credit Dec. 5 Record entry Clear entry View general journalRequired: 1. Prepare the journal entries to record the transactions that occurred In December 2020. (If no entry Is required for a transaction/event, select "No Journal entry required" In the first account field.) View transaction list Journal entry worksheet Record cost of sales of merchandise sold. Note: Enter debits before credits. Date General Journal Debit Credit Dec. 5 Record entry Clear entry View general journalRequired: 1. Prepare the journal entries to record the transactions that occurred In December 2020. (If no entry Is required for a transaction/event, select "No Journal entry required" In the first account field.) View transaction list Journal entry worksheet
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