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Question(s) / Instruction(s):

(Recording Bad Debts)

Sandel Company reports the following financial information before adjustments.

                                                                                                Dr.                          Cr.

 Accounts Receivable                                                     $160,000                                              

 Allowance for Doubtful Accounts                                                           $2,000  

 Sales (all on credit)                                                                                        800,000

 Sales Returns and Allowances                                   50,000  

Required:                            

Prepare the journal entry to record Bad Debt Expense assuming Sandel Company estimates bad debts at (a) 1% of net sales and (b) 5% of accounts receivable.

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