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Assume instead that Cross uses the aging of accounts receivable method and estimates that $1,007,000 of Accounts Receivable will be uncollectible. Prepare the adjusting journal

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Assume instead that Cross uses the aging of accounts receivable method and estimates that $1,007,000 of Accounts Receivable will be uncollectible. Prepare the adjusting journal entry required at December 31, 2008, for recording bad debt expense. Also, assume that the unadjusted balance in Cross?s Allowance for Doubtful Accounts at December 31, 2008, was a debit balance of $ 10,050. Prepare the adjusting journal entry required at December 31, 2008, for recording bad debt expense

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