Name CWD Section 1. Backhorse Productions, incorporated, red the fourts receive method to estimate that its Allowance for Doubtful Accounts should be 520,210. The account had unadjusted credit balance of 511,000 at that time Required: Prepare journal entries for each of the following the entry is required for transaction/event, select "No Journal Entry Required in the first account field The appropriate bad debt adjustment was recorded b. Later, an account receivable for $1,100 was determined to be uncollectible and was written of General Journal Debit Credit 2. The Allowance for Doubtful Accounts account is a temporary account, which is closed to Retained Earnings at the end of the accounting period, Circle your answer. True False 3. Multiple Choice (circle your answer): An objective of the expense recognition principle ("matching") is to have bad debt expense recorded in: a. the same period that the related accounts receivable is determined to be uncollectible. b. the same period the related credit sales are recorded. c. a later period after the related credit sales are recorded. d. the period that a customer eventually becomes bankrupt