D 23 Big Red Paper Company has $175,000 of Accounts Receivable and uses the direct write-off method. On March 16th, the company realizes it will not be able to collect an account for $8,000 and it needs to be written off. Record the larch 16th write-off under the direct write-off method using good form. March 16th $8,000 399 [] [] Accounts Receivable Bad Debt Expense Cash Sales Revenue Allowance for Bad Debts $8,000 1 23 Big Red Paper Company has $175,000 of Accounts Receivable and uses the direct write-off method. On March 16th, the company realizes it will not be able to collect an account for $8,000 and it needs to be written off. Record the March 16th write-off under the direct write-off method using good form. March 16th $8,000 [ [] [ Accounts Receivable Cash Sales Revenue Bad Debt Expense Allowance for Bad Debts 39 $8,000 4 24 Vance Refrigeration Company has $168,000 in Accounts Receivable, and a $10,200 credit balance in the Allowance for Doubtful Accounts before adjustment. Based on the percentage-of-sales method, the company estimates bad debts of $36,000 on March 31, 2019. Record the appropriate adjusting entry on March 31, 2019 using good form. Select the appropriate account and amount to debit, as well as the appropriate account and amount to credit. March 31st 399 [PAIY] [] [] Bad Debt Expense Allowance for Bad Debts Accounts Receivable Sales Revenue 24 Vance Refrigeration Company has $168,000 in Accounts Receivable, and a $10,200 credit balance in the Allowance for Doubtful Accounts before adjustment. Based on the percentage-of-sales method, the company estimates bad debts of $36,000 on March 31, 2019. Record the appropriate adjusting entry on March 31, 2019 using good form. Select the appropriate account and amount to debit, as well as the appropriate account and amount to credit. March 31st [ 399 $36,000 $46,200 $25,800 $10,200 [] Vance Refrigeration Company has $168,000 in Accounts Receivable, and a $10.200 credit balance in the Allowance for Doubtful Accounts before adjustment. Based on the percentage-of-sales method, the company estimates bad debts of $36,000 on March 31, 2019. Record the appropriate adjusting entry on March 31, 2019 using good form. Select the appropriate account and amount to debit, as well as the appropriate account and amount to credit. [] March 31 [ [] [ [] Sales Revenue Accounts Receivable Bad Debt Expense Allowance for Bad Debts Vance Refrigeration Company has $168,000 in Accounts Receivable, and a $10,200 credit balance in the Allowance for Doubtful Accounts before adjustment. Based on the percentage-of-sales method, the company estimates bad debts of $36,000 on March 31, 2019. Record the appropriate adjusting entry on March 31, 2019 using good form. Select the appropriate account and amount to debit, as well as the appropriate account and amount to credit. March 31s [it] [] [ $10,200 $46,200 $25,800 $36.000 [ Vance Refrigeration Company has $168,000 in Accounts Receivable, and a $10.200 credit balance in the Allowance for Doubtful Accounts before adjustment. Based on the percentage-of-sales method, the company estimates bad debts of $36,000 on March 31, 2019. Record the appropriate adjusting entry on March 31, 2019 using good form. Select the appropriate account and amount to debit, as well as the appropriate account and amount to credit. March 31st [] [ $10.200 $46,200 $25,800 $36.000 [] [] 399