I'm a little confused on the posting to accounts part. Specifically the Capital account and Allowance for Doubtful Accounts. I put ADA to abbreviate

Journalize and post the following transactions, assuming the allowance method of accounting for uncollectible accounts is used. adjusting entry: $18,000 of the year's A/R may become uncollectible closing entry: Bad Debts Expense account closed to Income Summary, which is subsequently closed to Capital-Do NOT journalize these entries, but post them in the accounts below Si any Spa's account of $5.000 is determined to be uncollectible Sunny Spa pays $5,000 to recover its credit rating 12/31 12/31 8/15 12/20 Credit Date Debit Explanation 12/31 Bad Delots Exp. 16,000 16,000 ADA 8/15 ADA AIR 12/20 A/R ADA Kash A/R S000 Allowance for Accounts Receivable Sunny Spa Doubtful Accounts Cash 5,000 5,000 2,000 tha000 16,000 10,000 15,000 5,000 5,00O Bad Debts Expense Income Summary Capital 16,000 16,00 16,000 I4000 42,000