Weili's Wildflowers uses the percentage of credit sales method to estimate bad debt expense. Weili...
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Accounting
Weili's Wildflowers uses the percentage of credit sales method to estimate bad debt expense. Weili records credit sales of $ for the current year, and estimates of sales will be uncollectible. Record the journal entries for the following transactions: A customer informs Weili that they will be unable to pay their $ debt. Dr for $ Cr for $ Weili records bad debt expense for the year. Dr for $ Cr for $
Weili's Wildflowers uses the percentage of credit sales method to estimate bad debt expense. Weili records credit sales of $ for the current year, and estimates of sales will be uncollectible.
Record the journal entries for the following transactions:
A customer informs Weili that they will be unable to pay their $ debt.
Dr for $
Cr for $
Weili records bad debt expense for the year.
Dr for $
Cr for $
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You can see the logs in the Dashboard.