Heidi, the found of Camp Bow Wow, started a franchise instead of only having one location in part because: a. It allowed her to work at realizing her vision and building the brand rather than the day-to-day operations of the business.
b. She had experience in founding other franchises, but her real dream was to build a business around animals.
c. She had her fill of corporate life and wanted to try building her own company.
d. She needed to recover the money she had wasted from the settlement in her late husband's plane crash lawsuit.

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.)