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Outdoor Equipment (OE) sells camping equipment. On December 1, the accounts receivable account had a balance of $50,000, the bad debt expense account had a

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Outdoor Equipment (OE) sells camping equipment. On December 1, the accounts receivable account had a balance of $50,000, the bad debt expense account had a balance of $0, and the allowance for doubtful accounts had a credit balance of $5,000. Journaltze the remaining journal entries for the 2020 year. Dec. 2 sold tents for $5,000 on account with a cost of $2,500. 2e Determined that the total accounts of Rocky Co. with an accounts receivable balance of $1,200 and Grouse co. with an accounts receivable balance of $2,500 were uncollectible and needed to be written off. 23 Unexpectedly received payment from Grouse Co. for $2,5ee. 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 Journal entry worksheet 1 2 3 4 5 6 > Record the sales. Non debts before end General Journal Date Dec 02 2020 Debit Credit Dec 02 2020 Record entry Clear entry View general joumal 2. Post the T-account for accounts receivable, bad debt expense, and allowance for doubtful accounts. Determine the ending balance for each account Beg Bal Accounts Receivable 50,000 Allowance for Doubtful Accounts 5,000 Beg Bal End Bal End Bal Bad debit expense Eleg Bal End. Dal 1 of 1 Nord

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