Yung Company had credit sales of $140,000 during 2021. The balance in Allowance for Doubtful Accounts is a $1,000 debit balance. Journalize the Bad Debts Expense for December 31 using each of the following methods:
a. Bad Debts Expense is estimated at 2.5% of credit sales.
b. The aging of Accounts Receivable indicates that $2,200 will be required in the Allowance account to cover Bad Debts Expense.