## Answers

Journal Entries | |||

Percentage Of Credit Sales | |||

Sr. No | Account Title | Debit | Credit |

Bad Debt Expenses | 2500 | ||

Allowance For Doubtful Account | 2500 | ||

(250000*1%) | |||

(recording of estimated uncollectible accounts) | |||

Allowance Method | |||

Sr. No | Account Title | Debit | Credit |

Bad Debt Expenses | 2750 | ||

Allowance For Doubtful Account | 2750 | ||

($3000-250) | |||

(recording of estimated uncollectible accounts) | |||

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