At each calendar year-end, Jana's Supply Co. uses the percent of accounts receivable method to estimate bad debts. On December 31, it has outstanding accounts receivable of $95,000, and it estimates that 4% will be uncollectible. Prepare the adjusting entry to record bad debts expense for the year ended December 31 under the assumption that the Allowance for Doubtful Accounts has: (a) a $1,615 credit balance before the adjustment. (b) a $475 debit balance before the adjustment. Journal entry worksheet Prepare the adjusting entry to record bad debts expense for the year ended December 31 under the assumption that the Allowance for Doubtful Accounts has a $1,615 credit balance before the adjustment. Note: Enter debits before credits. General Journal Debit Credit Date Dec. 31 Record entry Clear entry View general journal Journal entry worksheet 2 - N Prepare the adjusting entry to record bad debts expense for the year ended December 31 under the assumption that the Allowance for Doubtful Accounts has a $475 debit balance before the adjustment. e credits. Note: Enter debits before credits. Date Dec. 31 General Journal Debit Credit Record entry Clear entry View general journal John's Company applies the direct write-off method in accounting for uncollectible accounts. March 11 John determines that it cannot collect $8,100 of its accounts receivable from its customer Leer Company 29 Leer Company unexpectedly pays its account in full to John's Company. John records its recovery of this bad debt. Prepare journal entries to record the above selected transactions of Dexter. Journal entry worksheet 23 Record write off of Leer Company account. Note: Enter debits before credits. General Journal Debit Credit Date March 11 T ES Record entry Clear entry View general journal Journal entry worksheet Record the reinstatement of an account previously written off. Note: Enter debits before credits. General Journal Debit / Credit Date March 29 Record entry Clear entry View general journal Journal entry worksheet Record the cash received on account. Note: Enter debits before credits. General Journal Debit Credit Date March 29S 1 Record entry Clear entry View general journal