The unemployment rate is the Multiple Choice
ratio of unemployed to employed workers.
number of employed workers minus the number of workers who are not in the labor force.
percentage of the labor force that is unemployed.

Answer and Explanation:

The journal entry is given below;

Bad debts expense $16,880    

           To Allowance for doubtful accounts $16,880

(Being the bad debt expense is recorded)

The preparation of the current asset section of the balance sheet is presented below:

Cash $91,990    

Accounts receivable $361,300    

less:allowance for doubtful accounts-$16,880$344,420    

Merchandise inventory $189,180    

Supplies $12,580    

total current assets $638,170