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Blackhorse Productions, Inc., used the aging of accounts receivable method to estimate that its Allowance for Doubtful Accounts should be $19,750. The account had an

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Blackhorse Productions, Inc., used the aging of accounts receivable method to estimate that its Allowance for Doubtful Accounts should be $19,750. The account had an unadjusted credit balance of $10,000 at that time. a. The appropriate bad debt adjustment was recorded. b. Later, an account receivable for $1,000 was determined to be uncollectible and was written off. Book Hint Required: For each transaction listed above, indicate the amount and direction (+for increase or - for decrease) of effects on the financial statement accounts and on the overall accounting equation. (Enter any decreases to Assets, Liabilities, or Stockholders Equity with a minus sign.) Print ferences off. Required: For each transaction listed above, indicate the amount and directipn (+ for increase or- for decrease) of effects on the financial statement accounts and on the overall accounting equation. (Enter any decreases to Assets, Liabilities, or Stockholders Equity with a minus sign.) Assets Liabilities a. Allowance for Doubtful AcCounts b. Accounts Receivable (Prev 2 of 4 Next> I was written eBook Hint Print e or - for eferences nting ha minus Liabilities Stockholders' Equity c raw ill ucation

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