49,300. During the next three years, Taylor reports income and declares dividends as follows: Year Net Income Dividends 2019 $ 43,200 $ 6,200 2020 55,800 9,300 2021 62,000 12,400 Determine the appropriate answers for each of the following questions: What amount of excess depreciation expense sho

Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)