Homework: Ch. 8 Homework Problems Score: 0.43 of 1 pt 3 of 8 (3 complete S8-5 (similar to) The Accounts Receivable balance and Allowance for Bad Debts for World Class Sport Short at December 31, 2017, was $10,000 and $2.000 (eruat balance), rompectively. During 2017 Click the icon to view the transaction.) Read the requirements transactions: Wrote off uncollectible account Debit Credit d. Bad debts expense of $5,000 was recorded. Accounts and Explanation Bad Debits Expense Allowance for Bad Debits d. 5,000 5,000 Recorded bad debts expense for the period Requirement 2. Post the transactions to the Accounts Receivable, Allowance for Bad Debts, and Bad Debts Expense T-accounts and determine the ending balance of each account Enter the beginning balances and the joumal entries, and then compute the unadjusted balance for the Accounts Receivable account Accounts Receivable Bal Choose from any list or enter any number in the input fields and then click Check Answer. Clear Al 3 parts remaining More Info Debit 5. a. Sales revenue on account, $266,100 (ignore Cost of Goods Sold). b. Collections on account, $224,000. c. Write-offs of uncollectibles, $5,800. d. Bad debts expense of $5,000 was recorded. llowance for B te of each accoun Print Done oute the unadju d then click Check Answer. Clear All