Avett Furniture Store has credit sales of $$400,000$ in $2021$ and a debit balance of $$600$ in the Allowance for Doubtful Accounts at year end. As of December $31,2021,$ $$130,000$ of accounts receivable remain uncollected. The credit manager prepared an aging schedule of accounts receivable and estimates that $$7,000$ will prove to be uncollectible.

On March $4,2022,$ the credit manager authorizes a write$-$off of the $$1,200$ balance owed by B$.$ Fernitti.

Prepare the adjusting entry to record the estimated uncollectible accounts expense in $2021.($Credit account titles are automatically indented when the amount is entered. Do not indent manually.$)$

Account Titles and Explanation

Debit

Credit

eTextbook and Media

List of Account$$

Show the balance sheet presentation of accounts receivable on December $31,2021.$

Avett Furniture Store

Balance Sheet

$$

$

$$

$$

$$

$

$q,$

eTextbook and Media

List of Accounts

On March $4,$ before the write$-$off, assume the balance of Accounts Receivable account is $$160,000$ and the balance of Allowance for Doubtful Accounts is a credit of $$3,000.$