The unadjusted trial balance of Conrad ltée included the following information: Cash sales: $250 000 Credit sales: $600 000 Accounts receivable: $160 000 Prepare the journal entries to adjust the...

The unadjusted trial balance of Conrad ltée included the following information:

Cash sales: $250 000

Credit sales: $600 000

Accounts receivable: $160 000

Prepare the journal entries to adjust the Allowance for doubtful accounts (A.F.D.A.) account under each of the following situations:

1. The estimated bad debts are 2.5% of credit sales and the A.F.D.A. account has a $2500 debit balance.


2. The estimated bad debts are 3% of accounts receivable and the A.F.D.A. account has a $2500 credit balance.


3. The estimated bad debts are 3% of accounts receivable and the A.F.D.A. account has a $2500 debit balance.

(1/2/3 SEPARATED)