Hughes Company has a credit balance of $5,000 in its Allowance for Bad Debts before any adjustments are made at the end of the year. Based on a review and aging of its accounts receivables at the end of the year. Hughes estimates that $60,000 of its receivable are uncollectible. What is the journal entry to record bad debts? Using the same information as above, expect the Hughes has a debit balance of $5,000 in its Allowance for Bad Debts before any adjustments are made at the end of the year. What is the journal entry to record bad debts? The entry to record the bad debt expense has what effect on net income? The entry to record the bad debt expense has what effect on total assets? At the beginning of the year. Allowance for Bad Debts had a credit balance of $4,000. During the year Brickman wrote off uncollectible receivables of $2, 100 Prepare the entry to record the write-offs. The write-offs have what effect on net income? The write-offs have what effect on total assets