Smart Art is a new establishment.During the first year,there were credit sales of $40,000 and collections of credit sales of $36,000.One account for $650 was written off.The company decided to use the aging method to account for bad debts expense.It has calculated an amount of $200 as its estimate of uncollectible amounts at year-end.Prepare the journal entry required to record Bad debts expense at the end of the year.

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The Answer of Smart Art is a new establishment.During the first year,there were credit sales of $40,000 and collections of credit sales of $36,000.One account for $650 was written off.The company decided to use the aging method to account for bad debts expense.It has calculated an amount of $200 as its estimate of uncollectible amounts at year-end.Prepare the journal entry required to record Bad debts expense at the end of the year.

Smart Art Is a New Establishment