Outdoor Equipment (OE) sells camping equipment. On December 1, the accounts receivable account had a balance of $50,700, the bad debt expense account had a balance of $0, and the allowance for doubtful accounts had a credit balance of $5,070. Journalize the remaining journal entries for the 2023 year Dec. 2 Sold tents for $5,140 on account with a cost of $2,570. Determined that the total accounts of Rocky Co. with an accounts receivable balance of $1,270 and 20 Grouse Co. with an accounts receivable balance of $2,570 were uncollectible and needed to be written off. 23 Unexpectedly received payment from Grouse Co. for $2,570. 31 Estimated that 10% of accounts receivable recorded to date would be uncollectible. Required: 1. Prepare journal entries to record the transactions. Note: Write-off of uncollectible accounts for Rocky Co. and Grouse Co. should be posted separately. View transaction list View journal entry worksheet No Date General Journal Debit Credit Dec 02, 2023 Accounts receivable Sales 5,140 5,140) 2. Post the T-account for accounts receivable, bad debt expense, and allowance for doubtful accounts. Determine the ending ba for each account Accounts Receivable Allowance for Doubtful Accounts Beg. Bal 50,700 Beg. Bal 5,070 December 2 5,140 1.270 December 20 December 20 2,570 December 23 December 23 2,570 2,570 December 20 2,570 1,400 December 31 2,570 December 23 52,000 End Bal 6,470 End. Bal Bad debt expense Beg Bal December 31 1,400 End Bal 1,400 2 Dec 02, 2023 Cost of goods sold 2,570 Merchandise inventory 2,570 3 Dec 20, 2023 Allowance for doubtful accounts 3,840 Accounts receivable-Rocky Co. 1,270 Accounts receivable Grouse Co. 2,570 4 Dec 23, 2023 Accounts receivable-Grouse Co. Allowance for doubtful accounts 2,570 2,570 5 Dec 23, 2023 Cash 2,570 Accounts receivable Grouse Co. 2,570 co 6 Dec 31, 2023 Bad debt expense 1,400 Allowance for doubtful accounts 1,400