Brief Exercise 7-5 Sandhill, Inc. had net sales in 2017 of $1,425,600. At Decemb

Question

Brief Exercise 7-5 Sandhill, Inc. had net sales in 2017 of $1,425,600. At December 31, 2017, before adjusting entries, the balances in selected accounts were Accounts Receivable $214,700 debit, and Allowance for Doubtful Accounts $4,120 credit. If Sandhill estimates that 7% of its receivables will prove to be uncollectible or the Prepare the December 31, 2017, ournal entry to record bad debt expense. If no entry is required select No Entry for the account ides an amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. enter Date Account Titles and Explanation Debit Credit Dec. 31, 2017 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS

Explanation / Answer

Dec-31 Bad debts expense 10909 =(214700*7%)-4120         Allowance for Doubtful accounts 10909

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