Series Which savings instrument is guaranteed to provide a
return of $22 in interest on $1,000 after 12 months?
EE
savings
Which options provide the greatest liquidity for
Bond
someone who may want to withdraw funds within the
0.1% first year?
fixed Which account is likely to earn the most interest in the
$25
course of one year?
minimum
Which accounts do not charge additional fees for
excessive withdrawals?
purchase
No fee for
withdrawal,
but

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.)