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Prepare the adjusting entry at March 31, 2022, to record bad debt exp.pdf

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Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system). 1. Sold $31,000 of merchandise, which cost $23,800, on Mastercard credit cards. Mastercard charges a 5% fee. 2. Sold $6,100 of merchandise, which cost $3,550, on an assortment of bank credit cards. These cards charge a 4% fee. Journal entry worksheet Sold $31,000 of merchandise on Mastercard credit cards. Mastercard charges a 5% fee. Note: Enter debits betore credits..

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Prepare the adjusting entry at March 31, 2022, to record bad debt expense. (Credit occount titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the accoumt titles and enter 0 for the amounts. Current Attempt in Progress a $2.227 credit balance in Allowance for Doubtful Accounts prior to adjustment. The compary uses the percentage-of-receivables basis for estimating uncollectible accoun's. The company's cotimatec of incollectibles are as shown below. Determine the total estimated uncollectibles at March 31, 2022. The total estimated uncollectibles $

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