Prepare general journal entries to record the following transactions for the Smith Company. (The company uses the balance sheet approach for recording bad debts expense.)
2018 
Definitions:
Correlation Analysis
A statistical method used to measure and identify the degree to which two variables are related or move together, without implying causation.
Tabulation Techniques
Methods used to organize and summarize data in a structured table format.
Open-Ended
relates to questions or situations that do not have a definitive answer or conclusion, allowing for a wide range of responses or outcomes.
Items
Items refer to individual things or units, especially as part of a list, collection, or inventory, covering a wide range of tangible and intangible objects.
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