During the current year, sun electronics, incorporated, recorded credit sales of $770,000. based on prior experience, it estimates a 2 percent bad debt rate on credit sales. required: prepare journal entries for each transaction: (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.) a. on november 13 of the current year, an account receivable for $340 from a prior year was determined to be uncollectible and was written off. b. at year-end, the appropriate bad debt expense adjustment was recorded for the current year.
record the entry to write-off the uncollectible account.

As a group is leaving, you ask them if they had a good experience at the restaurant. they mention that they had poor service and their food was cold. a.apologize and ask them to give the restaurant another chance in the future. you tell them that guests usually have a great experience here. b.apologize then ask for the server’s name and immediately notify the manager after they leave. c.apologize for the bad experience and ask them to wait as you call the manager to talk to them. d.apologize for the bad experience and encourage them to complete the customer service survey. this feedback will ensure other guests do not have the same experience.

mark, a civil engineer, entered into a contract with david. as per the contract, mark agreed to design and build a house for david for a specified fee. mark provided david with an estimation of the total cost and the contract was mutually agreed upon. however, during construction, when mark increased the price due to a miscalculation on his part, david refused to pay the amount. this scenario is an example of a mistake.

The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?