At the end of its annual accounting period Company estimated Its bad debts as 0.66 % of its $1.660,000 of credit sales made during the year On December 31 Midi made an addition to its Allowance for Doubtful Accounts equal to that amount On the following February 1management decided that the $ 2,400 account of Catherine Hicks was uncollecuble and wrote it off as a bad debt Four months later, on June 5 Hicks unexpectedly paid the amount previously written

At the end of its annual accounting period, Midi Company estimated Its bad debts as 0.66% of its $1,660,000 of credit sales made during the year. On December 31, Midi made an addition to its Allowance for Doubtful Accounts equal to that amount On the following February 1, management decided that the $2.400 account of Catherine Hicks was uncollectible and wrote it off as a bad debt. Four months later, on June 5, Hicks unexpectedly pald the amount previously written off Give the journal entries required to record these transactions. View transaction list Journal entry worksheet Record the entry for estimated bad debts. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31