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DR ($) CR ($) Accounts Receivable $80,000 Allowance for Doubtful Accounts (AFDA) 1,750 Net Sales Revenue...

DR ($) CR ($) Accounts Receivable $80,000 Allowance for Doubtful Accounts (AFDA) 1,750 Net Sales Revenue 600,000 Note: Cash sales for the period were $20,000. Required: Prepare the necessary journal entries to record Bad Debt Expense assuming it is estimated at:

i) 1% of net sales

ii) 4% of gross Accounts Receivable

iii) 5% of net Accounts Receivable when the AFDA has a $1,700 credit balance

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