$($a$)$

Your answer is correct.

Prepare journal entriss to record the $2022$ transactions of Blossom Company. $($Credit account titles are automatically indented when

the amount is entered. Do not indent manuall $k$ List all debit entries before credit entries. If no entry is required, select $"$No Entry" for the

account titles and enter $0$ for the amounts.

Sr$.$

No

Account Titles and Explanation

$[1]$

Allowenca for Douletful Acsourta

Acsounts Rescelvels

$($To record write$-$off of accounts receivable$)$

$[2]$

Acoounts Risedvelels

Allowence for Douletful.Acsourta

$($To reverse write$-$off of accounts receivable$)$

$[3]$

Acsountas Resedvelels

$($To record collection of accounts receivable$).$

$[4]$

Bad Drbt Eqcander

Allowenca far Douletful Acsourta

$($To adjust a llowance account to total estimated

uncollectibles$)$

eTextbook and Medla

Llst of A$.$ccounts

Llst of A$.$ccounts

$($b$)$

$6$ Your answer is incorrect.

Indicate the effact $($increase$,$ decreses, or No Effect$)$ that sach of the four transactions has on Blossom Company's assets,

liabilitiss, stockholders' equity, and net income.

Assets

Liabilities

Stockholders' Equity

Net Income