3 Blackhorse Productions, Inc., used the aging of accounts receivable method to estimate that its Allowance for Doubtful Accounts should be $23,750. The account had an unadjusted credit balance of $12,000 at that time. a. The appropriate bad debt adjustment was recorded b. Later, an account receivable for $3,000 was determined to be uncollectible and was written off. 15 points Required: For each transaction listed above, indicate the amount and direction for increase or-for decrease) of effects on the financial statement accounts and on the overall accounting equation. (Enter any decreases to Assets, Liabilities, or Stockholders Equity with a minus sign.) Print Assets Liabilities Stockholders' Equity References bad Debt Expense 23,750 Allowance for Doubtful Accounts 23,750 a