Outdoor Equipment $($OE$)$ sells camping equipment. On December $1,$ the accounts receivable account had a balance of $$51,300,$ the

bad debt expense account had a balance of $$0,$ and the allowance for doubtful accounts had a credit balance of $$5,130.$ Journalize the

remaining journal entries for the $2023$ year.

Dec. $2$ Sold tents for $$5,260$ on account with a cost of $$2,630.$

Determined that the total accounts of Rocky Co$.$ with an accounts receivable balance of $$1,330$ and

$20$ Grouse Co$.$ with an accounts receivable balance of $$2,630$ were uncollectible and needed to be

written off.

$23$ Unexpectedly received payment from Grouse Co$.$ for $$2,630.$

$31$ Estimated that $10\%$ of accounts receivable recorded to date would be uncollectible.

Required:

Prepare journal entries to record the transactions. Note: Write$-$off of uncollectible accounts for Rocky Co$.$ and Grouse Co$.$ should be

posted separately. Journal entry worksheet

$1$

$2$

$3$

$4$

$5$

$6$

Record the sales.

Note: Enter debits before credits.

Journal entry worksheet

$$

$1$

$2$

$3$

$4$

$5$

$6$

Record the cost of sales and reduce inventory.

Note: Enter debits before credits.

Journal entry worksheet

$1$

$2$

$3$

$4$

$5$

$6$

Record the write$-$off of uncollectible accounts for Rocky Co$.$ and Grouse Co$.$

separately.

Note: Enter debits before credits. Journal entry worksheet

$$

$1$

$2$

$3$

$4$

$5$

$6$

Record the full payment of account.

Note: Enter debits before credits.

Journal entry worksheet

$1,1,2,3,4,5$

Record the estimate for uncollectible accounts.

Note: Enter debits before credits. Post the T$-$account for accounts receivable, bad debt expense, and allowance for doubtful accounts. Determine the ending balance

for each account.Outdoor Equipment $($OE$)$ sells camping equipment. On December $1,$ the accounts receivable account had a balance of $$51,300,$ the bad debt expense account had a balance of $$0,$ and the allowance for doubtful accounts had a credit balance of $$5,130.$ Journalize the remaining journal entries for the $2023$ year.