On December 31, Better Products has a balance in Accounts Receivable of $680,000. An analysis of the accounts receivable aging under the percentage of receivables method indicated that $48,000 in accounts receivable is expected to be uncollectible. Prepare the adjusting entry to record estimated bad debts expense using the percentage of accounts receivable method assuming the Allowance for Doubtful Accounts has a debit balance of $730 before adjustment. Attach File Browse Local Files Browse Content Collection On January 1, 2021, Stanley Company disposed of office equipment that had a book value of $12,000. The office equipment originally cost S40,000 Under each of the following independent assumptions, prepare the appropriate journal entry to record the disposition. Omit explanations a. The equipment was discarded as having no value b. The equipment was sold for $10,000 cash c. The equipment was sold for $15,000 cash