Kimbel Corporation uses the accounts receivable aging method to account for Bad Debt Expense.As of December 31, Kimbel's accountant preparedan aging schedule and estimated that $760 would be uncollectible. At December 31, Allowance for Bad Debts had a credit balance prior to adjustment of $200.

REQUIRED:

1. prepare Kimbel's end-of-period adjustment for bad debts expense.

2. Prepare the entry that would have been made had thecreditbalance in the allowance account had been adebitbalance of $200.