Using the percentage of sales method. Estimated Bad Debt Expense associated with this year's sales will be approximately $3500. The balances in related accounts just prior to entering adjusting entries are listed below. Prepare the appropriate adjusting entry.

Debit Credit
Accounts Receivable________________________________$28000
Allowance for Bad Debts____________________________________________$ 300
Bad Debt Expense___________________________________0



Can Yo explain

How to accrued a credit received from a purchase?