(Solution) - Hitachi Ltd reports total revenues of 10 000 369 million for -(2025 Original AI-Free Solution)

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Hitachi, Ltd., reports total revenues of ¥10,000,369 million for its fiscal year ending March 31, 2009, and its March 31, 2009, unadjusted trial balance reports a debit balance for trade receivables (gross) of ¥2,179,764 million.
a. Prepare the adjusting entry to record its Bad Debts Expense assuming uncollectibles are estimated to be 0.4% of total revenues and its unadjusted trial balance reports a credit balance of ¥10,000 million.
b. Prepare the adjusting entry to record Bad Debts Expense assuming uncollectibles are estimated to be 2.1% of year-end trade receivables (gross) and its unadjusted trial balance reports a credit balance of ¥10,000 million.