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Sales are considered to be doubtful in terms of collection

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Reference no: EM131773215

Baucom Corporation has the following information on its books:

Sales- $500,000

A/R- $300,000

Allowance for bad debt (credit balance)- $2,000

Make the journal entries for the following situations:

a) Baucom Corp. determines that 3% of its sales are considered to be doubtful in terms of collection.

b) Baucom Corp. determines that 4% of it's A/R will be uncollectible.

Reference no: EM131773215

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