Assets	Liabilities	Cont. capital	Retained earnings
BB
31-Dec
2016

At December 31, 2015, Carroll Company has Accounts receivable of $45,000. The Allowance for uncollectable accounts has a balance of ($3,000) before adjustment. Show the effect of the following events on the accounting equation, including both account titles and amounts

on Dec. 31, 2015, Carroll estimates that 20% of its accounts receivable will be uncollectible

During 2016, Carroll wrote off $1,500 of specific customer accounts