Chen Company’s account balances at December 31, 2020 for Acc…

Chen Company’s account balances at December 31, 2020 for Accounts Receivable and the Allowance for Doubtful Accounts are $800,000 debit and $1,500 credit. Sales during 2020 were $2,750,000. It is estimated that 1% of sales will be uncollectible. The adjusting entry would include a credit to the allowance account for:

Essay 3(3*4=12 points): The surveys or articles, “Survey: US…

Essay 3(3*4=12 points): The surveys or articles, “Survey: US consumer sentiment during the coronavirus crisis,” from Mckinsey and “March 2021 global consumer insights pulse,” from PwC address how the pandemic (Covid-19) has been changing consumer behaviors around the world including the U.S. Please clearly and fully explain the four consumer behaviors that have been impacted by the pandemic. Bullet points or several words without clear explanations will not get any points.  (1)(2)(3)(4)