Elockhorse Productions, Incorporated, used the oging of accounts receivable method to estimeqe that its Allowsnce for Doubtiul Accounts should be $20.750. The account hod an unadjusted credit balance of $10,500 at that time. a. The approariate bod debt od lustment wos recorded. t. Later, an account recelvnble for $1,500 wos determined to be uncollectibie and wos written off Required: For each trensaction tisted above, indicate the amount and direction (+ for increase or-for decreasel of effects on the financial statement accounts and on the overaif accounting equation. (Enter any decreases to Assets, Liabilities, or Stockholders Equity with a minus sign.)