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Blackhorse Productions, Inc. used the aging of accounts receivable method to estimate that its Allowance for Doubtful Accounts should be $20,200. The account had an
Blackhorse Productions, Inc. used the aging of accounts receivable method to estimate that its Allowance for Doubtful Accounts should be $20,200. The account had an unadjusted credit balance of $11000 at that time Required: Prepare journal entries for each of the following (if no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) a. The appropriate bad debt adjustment was recorded. Later, an account receivable for $1,000 was determined to be uncollectible and was written of View transaction list Journal entry worksheet 1 2 Record the end of period adjustment for bad debts under the aging of accounts receivable method. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal View transaction list Journal entry worksheet 1 2 Record the write-off of a certain customer account from a prior year which is not collectible totaling $1,000. Note: Enter debits before credits. Debit Credit General Journal Transaction b View general Journal Clear entry Record entry
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