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Blackhorse Productions, Incorporated, used the aging of accounts recelvable method to estimate that Its Allowance for Doubtful Accounts should be $19,700. The account had an
Blackhorse Productions, Incorporated, used the aging of accounts recelvable method to estimate that Its Allowance for Doubtful Accounts should be $19,700. The account had an unadjusted credit balance of $12,000 at that time. Required: Prepare Journal entrles for each of the following. (If no entry Is requlred for a transactlon/event, select "No Journal Entry Required" In the flrst account fleld.) a. The approprlate bad debt adjustment was recorded. b. Later, an account recelvable for $1,200 was determined to be uncollectlble and was written off. Journal entry worksheet 2 Record the end-of-period adjustment for bad debts under the aging of accounts receivable method. Note: Enter debits before credits. Journal entry worksheet Record the write-off of a certain customer account from a prior year which is not collectible totaling $1,200. Note: Enter debits before credits
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