Larkspur, inc. had net sales in 2020 of $1,447,100. at december 31, 2020, before adjusting entries, the balances in selected accounts were accounts receivable $204,600 debit, and allowance for doubtful accounts $1,940 debit. assume that 11% of accounts receivable will prove to be uncollectible. prepare the entry to record bad debt expense.

Comprehensive illustrative problem: mira's store on february 1 20a4 mica delaman opened astore that sells school supplies her main customer are the students and teachers of happy students school that is situated in front of her store. mira wanted to know the financial position of mira's store. mira knew you were studying accounting. so she asked for . 1. to start her business mira's opened a checking account in the name of mira's store . the statement of account from the bank shows that the checking account has a balance of 31,535 of december 31,20a4