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please help me to answer this exercise Question 1 (a and b) and question...

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Accounting

please help me to answer this exercise
Question 1 (a and b) and question 2 image
6. Murrysville Company had the following data available for 2016 (before making any adjustments): Accounts receivable, 12/31/16 Allowance for doubtful accounts Net credit sales, 2016 $343,200 (Dr.) 3,800 (Cr.) 829,000 (Cr.) Required: 1. Prepare the journal entry to recognize bad debts under the following assumptions: (a) Bad debts expense is expected to be 3% of net credit sales for the year and (b) Murrysville expects it will not be able to collect 7% of the balance in accounts receivable at year- end. 2. Assume instead that the balance in the allowance account is a $3,800 debit. How will this affect your answers to (1)

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