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Prepare December journal entry to record bad debt expense

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Question - Vaughn, Inc. had net sales in 2020 of $1,504,000. At December 31, 2020, before adjusting entries, the balances in selected accounts were Accounts Receivable $348,600 debit, and Allowance for Doubtful Accounts $3,350 credit. If Vaughn estimates that 8% of its receivables will prove to be uncollectible.

Required - Prepare the December 31, 2020, journal entry to record bad debt expense.

Reference no: EM132616367

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