Bad Debt Example HCS is its first year of existence. On December 31, 2020, HCS has a balance of accounts receivable of $15,000. HCS estimates that $800 will be uncollectible. During 2021, HCS writes off $600 of customer accounts. Subsequently, HCS recovers $200 from a customer whose account HCS had written off. On December 31,2021, HCS has a balance of accounts receivable of $22,000, of which HCS estimates $1,200 will not be recovered. Record the entries needed for December 31, 2020, the write-off, the recovery, and December 31 , 2021. Bad Debt Example HCS is its first year of existence. On December 31, 2020, HCS has a balance of accounts receivable of $15,000. HCS estimates that $800 will be uncollectible. During 2021, HCS writes off $600 of customer accounts. Subsequently, HCS recovers $200 from a customer whose account HCS had written off. On December 31,2021, HCS has a balance of accounts receivable of $22,000, of which HCS estimates $1,200 will not be recovered. Record the entries needed for December 31, 2020, the write-off, the recovery, and December 31 , 2021