Bad Debt Expense: Percentage ot credit sales Method
Gilmore Flectronics had the following data for a recent vear:
Cash sales
crear sales
Accounts receivable determined to be uncollectible
$135.000
512.000
9,650
The firm's estimated rate for had debts is 2.2% of credit sales.
1. Prepare che ournal encry co wrice of che uncollectible accounts. Ir an amount box does not require an entry, leave it diank.