Business, 25.06.2021 21:10, TACOSDAILY

Wildhorse, Inc. had net sales in 2020 of $1,502,400. At December 31, 2020, before adjusting entries, the balances in selected accounts were Accounts Receivable $221,100 debit, and Allowance for Doubtful Accounts $3,000 credit. If Wildhorse estimates that 8% of its receivables will prove to be uncollectible. Required:
Prepare the December 31, 2017, journal entry to record bad debt expense.

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Wildhorse, Inc. had net sales in 2020 of $1,502,400. At December 31, 2020, before adjusting entries,...