Wildhorse beverage company reported the following items in the most recent year. net income $43,400 dividends paid 5,210 increase in accounts receivable 11,440 increase in accounts payable 8,490 purchase of equipment (capital expenditure) 8,720 depreciation expense 5,490 issue of notes payable 24,020 compute net cash provided by operating activities, the net change in cash during the year.

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.)