Brady is hired in 2018 to be the accountant for Anderson Manufacturing, a private company. At the end of 2018, the balance of Accounts Receivable is $22,000. In the past, Anderson has used only the direct write-off method to account for bad debts. Based on a detailed analysis of amounts owed, Brady believes the best estimate of future bad debts is $7,600.

1. If Anderson continues to use the direct write-off method to account for uncollectible accounts, what adjustment, if any, would Brady record at the end of 2018?

1.00 points Brady is hired in 2018 to be the accountant for Anderson Manufacturing, a private company. At the end of 2018, the balance of Accounts Receivable is $22,000. In the past, Anderson has used only the direct write-off method to account for bad debts. Based on a detailed analysis of amounts owed, Brady believes the best estimate of future bad debts is S7.600. 1. If Anderson continues to use the direct write-off method to account for uncollectible accounts, what adjustment, ifany, would Brady record at the end of 2018? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Answer is complete but not entirely correct General Journal Transaction Debit Credit Allowance for uncollectible accounts Allowance for uncollectible accounts 2. What adjustment, if any, would Brady record if Anderson instead uses the allowance method to account for uncollectible accounts? (lf no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Answer is complete and correct Credit Transaction General Journal Debit 7600 Bad debt expense 7,600 Allowance for uncollectible accounts