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Blackhorse Productions, Incorporated, used the aging of accounts receivable method to estimate that its Allowance for Doubtful Accounts should be $20,950. The account had an

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Blackhorse Productions, Incorporated, used the aging of accounts receivable method to estimate that its Allowance for Doubtful Accounts should be $20,950. The account had an unadjusted credit balance of $10,600 at that time. a. The appropriate bad debt adjustment was recorded. b. Later, an account receivable for $1600 was determined to be uncollectible and was written off 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) Assets Liabiti Stockholders' Equity

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