Question -
A) Jalisco Inc. net credit sales of $75,000 and estimates that bad debts are approximately 3% of net credit sales. The yearend balance in accounts receivable is $200,000 and $2,000 of accounts receivable were written off. What is the bad debt expense journal entry?
B) Paid $500,000 in dividends. What is the journal entry?
C) Provided $50,000 worth of nike shoes inventory to customers. They paid $30,000 in cash and promised to pay the remaining $40,000. What is the journal entry?