E8-2 (Static) Determining Financlal Statement Effects of Bad Debt Expense Estimates and Write-Offs [LO 82] Biackhorse Productions. Incorporated, used the aging of accounts receivable method to estimate that its Aliowance for Doubiful Accounts should be $19750. The account had an unadjusted ciedit bolarice of $10,000 at that time. a. The appropriate bad debt adjustment was recotded. b. Later an account tecelvable for $1,000 was determined to be uncollect ble and was written otf. Required: For each trarsaclion listed above, indicate the amount and direction (* or - ) of eftects on the financial statement accounts and on the overall accounting equation. (Enter any decresses to Assets, Liabilities, or Stockholders Equity with a minus sign.)