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More info Richy Watches completed the following selected transactions during 2 0 2 4 and 2 0 2 5 : ( Click the icon to

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Richy Watches completed the following selected transactions during 2024 and 2025 :
(Click the icon to view the transactions.)
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Dec. 31: Made the closing entry for bad debts expense.
\table[[Date,Accounts and Explanation,Debit,Credit],[2025,,,],[Dec.31,Income Summary,10,400,],[(Clos.),Bad Debts Expense,,10,400],[,,,]]
Now post the transactions to the two T-accounts. (Enter "0" on the normal side of the account for any zero balances_)
Review the journal entries.
Reference
\table[[Dare,Accounts and Explanation,Deolt],[2024,,],[Dec.31,Bad Debts Expense,8,800],[(Adj.)=||,Allowance for Bad Debts,],[Dec.31,Income Summary,8,800],[(Clos.),Bad Debts Expense,],[2025,,],[Jan.17,Accounts Receivable-Marty Viller,1,100],[,Sales Revenue,],[Jun.29,Allowance for Bad Debts,1,100],[,Accounts Receivable - Marty Viller,],[Aug.6,Accounts Receivable - Marty Viller,1,100],[,Allowance for Bad Debts,],[Aug.6,Cash,1,100],[,Accounts Receivable - Marty Viller,],[Dec.31,Allowance for Bad Debts,3,250],[(W/O),Accounts ReceivableBernard Klaus,],[,Accounts Receivable - Maria Bennett,],[,Accounts Receivable-Russel Weatherby,],[Dec.31,Bad Debts Expense,10,400],[(Ad].),Allowance for Bad Debts,],[Dec.31,Income Summary,10,400],[(Clos.),Bad Debts Expense,]]
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