You received partial credit in the previous attempt.

E$6-11($Algo$)$ Determining Financial Statement Effects of Bad Debts Using the Percentage of Credit Sales Method LO$6-2$

During the current year, Sun Electronics, Incorporated, recorded credit sales of $$720,000.$ Based on prior experience, it estimates a $3$ percent bad debt rate on credit sales.

a$.$ On November $13$ of the current year, an account receivable for $$350$ from a prior year was determined to be uncollectible and was written off.

b$.$ At year$-$end, the appropriate bad debt expense adjustment was recorded for the current year

Required:

Indicate the effects of the transactions in the following table. Indicate the accounts affected and enter decreases to account categories with a minus sign.

$\backslash$table$[[$Transaction$,$Accounts receivable,,Labilities,,Stockholders' Equity,$],[$a$,$Allowance for doubtful accounts,$(350),,,,],[$b$,$Allowance for doubthul accounts,$(21,600),,,,],[$b$.,,,,,,],[,$Bank service charpe expense,,,,,$(21,600)]]$