Bad debts expense is estimated by the percent-of-sales method. the management estimates that 3% of net credit sales will be uncollectible. calculate the amount of bad debts expense for 2015 and prepare the journal entry.

Explanation:

Total Sales = 75,000

Bad debt = 75,000*3%  =  2250

Entry:                                                                  Debit            Credit

Bad debt expense                                              2250

Allowance for Doubtful debt                                                  2250

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are:

answer the amount a seller is paid minus the cost of production;