Using the following accounts, complete all journal entries: Accounts Receivable Allowance for Doubtful Accounts Bad Debt Expense Credit Card Expense Sales Discount Sales Revenue For the year 2019, Bristax Corporation recorded $1,385,660 in credit sales and $732,410 in accounts receivable. The uncollectible percentage is 3.1% for the income statement method and 4.5% for the balance sheet method. PLEASE NOTE:  You must enter the account names exactly as written in the table above and all whole dollar amounts using "$" with commas as needed and rounded to two decimal places (i.e. $12,345.67). Record the year-end adjusting entry for 2019 bad debt using the income statement method.   DR     CR       Record the year-end adjusting entry for 2019 bad debt using the balance sheet method.   DR     CR       Assume there was a previous credit balance in Allowance for Doubtful Accounts of $37,430, record the year-end adjusting entry for bad debt using the income statement method, and then the entry using the balance sheet method.   Income Statement Method:   DR     CR       Balance Sheet Method:    DR     CR       Assume there was a previous debit balance in Allowance for Doubtful Accounts of $20,550, record the year-end adjusting entry for bad debt using the income statement method, and then the entry using the balance sheet method.   Income Statement Method:   DR     CR       Balance Sheet Method:    DR     CR

Using the following accounts, complete all journal entries:

For the year 2019, Bristax Corporation recorded $1,385,660 in credit sales and $732,410 in accounts receivable. The uncollectible percentage is 3.1% for the income statement method and 4.5% for the balance sheet method.

PLEASE NOTE:  You must enter the account names exactly as written in the table above and all whole dollar amounts using "$" with commas as needed and rounded to two decimal places (i.e. $12,345.67).

• Record the year-end adjusting entry for 2019 bad debt using the income statement method.
•  

• DR
  CR

•  
• Record the year-end adjusting entry for 2019 bad debt using the balance sheet method.
•  

• DR
  CR

•  
• Assume there was a previous credit balance in Allowance for Doubtful Accounts of $37,430, record the year-end adjusting entry for bad debt using the income statement method, and then the entry using the balance sheet method.
•  
• Income Statement Method:
•  

• DR
  CR

•  
• Balance Sheet Method:
•   

• DR
  CR

•  
• Assume there was a previous debit balance in Allowance for Doubtful Accounts of $20,550, record the year-end adjusting entry for bad debt using the income statement method, and then the entry using the balance sheet method.
•  
• Income Statement Method:
•  

• DR
  CR

•  
• Balance Sheet Method:
•   

• DR
  CR