1.) On December 31, 20x7, Corp. A (created on January 1, 20x7), which uses the allowance method to record bad debts expense, estimates that is will eventually incur $5,400 of bad debt expense on its December 31, 20x7 accounts receivable total of $226,000. Record the end-of-year journal entry to record bad debt expense for the year.

2.) On May 11, 20x8, Corp. A learns that customer, Frank Smith, has died. Prepare a journal entry to write of Franks $415 account receivable.

3.) On December 31, 20x8, Corp. A prepares an ageing analysis of its end-of-year Accounts Receivable account balance which has now increased to $461,000. Corp. A determines that $9,400 of the $461,000 accounts receivable total will likely never be collected. Assume that Corp. As December 31, Allowance for Bad Debts account balance is a credit of $300. Prepare a journal entry to record bad debt expense for year 20x8 and to adjust the Allowance for Bad Debts account to the proper balance.