Homework Answers
| Date | Accounts Titles and Explanation | Debit | Credit |
| Dec. 31 | Bad Debt Expense | $10,500 | |
| Allowance for Doubtful Accounts | $10,500 | ||
| (To record bad debt expense) |
Calculation:
Bad debt expense = Net credit sales x 3 % = $350,000 x 3% = $10,500
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