During the current year, giatras electronics recorded credit sales of $740,000. based on prior experience, it estimates a 4.0 percent bad debt rate on credit sales. required: 1. prepare journal entries for each of the following transactions. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.) a. on october 28 of the current year, an account receivable for $2,700 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.

complete the following table, indicating the amount and effect for each transaction. (indicate decreases with a minus sign.)

table shows : transactions, net sales, gross profit, income from operations.

Mesa company produces wooden rocking chairs. the company has two production departments, cutting and assembly. the wood is cut and sanded in cutting and then transferred to assembly to be assembled and painted. from assembly, the chairs are transferred to finished goods inventory and then are sold.mesa has compiled the following information for the month of february: cutting department assemblydepartmentdirect materials $ 73,000 $ 13,000direct labor 73,000 108,000applied manufacturing overhead 159,000 171,000cost of goods completed and transferred out 233,000 255,000required: 1, 2, 3, & 4. prepare journal entries for the transactions in the cutting and assembly departments of mesa company. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)