"jerrod dean starts the month with a balance on his credit card of $1,000. on the 10th day of the month, he purchases $200 in clothes with his credit card. on the 15th day of the month he makes a payment on his credit card of $500. the bank charges 1.5 percent interest per month using the adjusted balance method. what would jerrod's finance charges be for the month

Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)