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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

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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.) Skipped Print Assets Liabilities Stockholders' Equity a. Reterences b. 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.) Skipped Print Assets Liabilities Stockholders' Equity a. Reterences b

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