Based on an aging of Accounts Receivable, an $8,400 balance in the Allowance account will be needed to cover bad debts. The balance sheet approach is used. The following information is given (Click on the icon to view the T accounts.) Prepare a journalized adjusting entry for Bad Debts Expense. (Record debits first, then credits. Exclude explanations from journal entries.) Date Dec. 31 Get more help - Journal Entry Accounts PR Dr. Data table Accounts Receivable 28,000 Cr. Sales (credit) 114,000 Sales Discount 8,800 Sales Returns and Allowances 300 Allowance for Doubtful Accounts 5,400 - X Save lar all Check answer

E7f (Click on the icon to view the T accounts.) Prepare a journalized adjusting entry for Bad Debts Expense. (Record debits first, then credis. Exclude explanations from joumal entries)